The current BTC trend shows a clear hourly bearish structure; the market is in a downward trend with three important areas:
(Sell Zone): Located between 100,300 - 102,224 USD, this is a strong resistance area for shorts.
B (Buy Zone): Around 9299 - 95,218 USD, the current price is hovering in this area; a left-side long position can be attempted with a light position.
(Buy Zone): A lower potential buying area, located between 82000-86000 USD, can be monitored after breaking the previous low.
Key Point Analysis
(Sell Zone)
Function: A strong suppression area dominated by shorts; if the price rebounds to 100300-102000, pay attention to short entry opportunities.
Trading Ideas:
If the price rebounds to the 100300-102000 area, consider lightly positioning short.
If 100300-102000 breaks, pay attention to higher resistance areas for short opportunities; do not consider breakout longs for now.
A breakout at 108000 is an important signal for a bullish reversal; consider positioning long after a breakout, otherwise continue to focus on shorts.
(Buy Zone)
Function: The current market is in the 95000-92900 area, which has some support. A left-side long position can be attempted.
Trading Ideas:
Lightly position long; if the previous low breaks, exit immediately to avoid deeper corrections.
The profit and loss comparison is high, suitable for short-term counter-trend trading.
(Buy Zone)
Function: If the market continues to probe lower and breaks the previous low, the 85900-82200 zone will become the next key support level.
Trading Ideas:
If the price breaks below the previous low of the B zone, wait for a rebound or stabilization signal near the C zone to attempt a long position.
C area belongs to a major support zone, which may lead to a stronger rebound.
Strategy and Summary
Currently focusing on the 95000-92900 area support; if the rebound is weak and continues to break, the next focus will be in the 85950-82200 area.
The 108000 USD level is key for a major cycle bullish reversal, but in the short term, direct breakouts are not considered; more confirmation of patterns is needed.
The hourly bearish trend has not yet ended; patiently wait for the reaction in the key support area to avoid entering too early.
If the bearish trend continues, wait to probe lower into the 85900-82200 area and gradually position long in batches.
