Bitcoin professional analysis strategy
2025-01-28
Category: None

By observing the chart, we can see that the price has just rebounded from the support line, which coincides with the support level of the buyer area, and rose to the resistance line. After that, BTC rebounded from the line and fell back to the support line, breaking through the 93400 level, and soon rebounded, breaking through this level again. BTC then rose to the resistance line, and then fell to 90850 points, and then rose strongly, also breaking through the 93400 level and the resistance line. Then the price continued to rise within the Pennant, broke through the current support level of 102700, retested, and then tried to rise further, but failed and corrected below the 102700 level. After this, BTC fell back and rose to 109600 points (new ATH), and then corrected again. The price fell to the support line of the pennant, and then rose to the resistance line in a short period of time, and recently fell below the pennant and exited. In my opinion, the price may fall to the current support level, break it, and then continue to fall, so I set the target price at 99K points.
So now I think BTC will go up and then continue to fall to the next support level in my chart (93400).