Bitcoin #BTC走势分析 4 Hour Level Analysis

Market Overview

Current Price: $93,590.8

Trend Situation: Price has broken below the upward trend line, the market is weakening in the short term and is in a correction phase.

Key Technical Levels Analysis

Resistance Levels

0.382 Retracement Level: Around $99,800

This level is the first resistance for a short-term rebound; if it breaks through, there will be an opportunity to test above $100,000.

0.618 Retracement Level: About in the $85,000 area

This is a deeper retracement support level; if the price moves lower, this area will become an important buying opportunity.

Support Levels

Short-term Support: Around $92,200

If the price stabilizes in this area, a short-term rebound may occur.

Lower Support Target: $85,000 - $87,000 range

If it breaks below $92,200, the market may pull back to seek support in this area.

Trading Strategy

Short-term Strategy:

Focus on the support performance near $92,200; if a stop-loss signal appears, consider a light-position layout, targeting up to $99,500, with a stop-loss set below $91,500.

Breakout Strategy:

If the price breaks through $99,594, consider following the trend, targeting above $102,000.

Defensive Strategy:

If the price breaks below $92,000, primarily observe, waiting for layout opportunities in the $85,000 - $87,000 area.

Risk Warning

The short-term market trend is weak; focus on downside potential and avoid chasing prices up.

Patiently wait for the market to correct to a more favorable buying range, manage risks well, and set strict stop-losses.

Summary: The short-term correction of Bitcoin has not yet ended; patiently wait for the support test at $92,200 or lower layout opportunities.