Bitcoin continues to face pressure at the 96,000 mark, falling back, while the US stock market's long wick candle reversal has not changed the situation, and short positions continue to dip, with the key support still at 93,000.
Today, we have a large drop of around 2400 near 96,000, and currently, the two rounds of cycles are testing the 9.3 level again. The hourly chart shows two large bearish candles, which are expected to break below the 9.3 level, but I won’t chase short positions at this level.
Observers:
Bitcoin: Enter lightly in the 92,500-93,000 range, targeting around 96,000.
Pos
View Original