🤔Bitcoin short-term scenario analysis:
On September 21, Bitcoin saw a surge in volume and broke above the resistance level of 82850, then rebounded back to the midpoint of the rising channel. However, it failed to continue upward and break through the midpoint. On September 23, a significant pullback occurred, with the lowest point falling to 82875‼️
Meanwhile, on September 23, the pullback trading volume was relatively large, indicating that there is a fairly noticeable sell pressure around the midpoint of the channel.
This suggests that current buy-side absorption is still insufficient, so the difficulty of breaking the resistance level of 97900 in the future will be relatively high.
That said, the current Bitcoin pullback has not yet fallen below the September 3 high of 82300, so the short-term outlook still has some uncertainty.
If the recent pullback breaks below 82300, it will further confirm that the short-term buying strength has weakened. The upside potential of the subsequent rebound may be limited, and the likelihood that the previous breakout above the resistance level of 82850 was a “false breakout” will also increase significantly.
If, however, Bitcoin’s recent pullback never breaks below 82300, it means the short-term upward structure remains intact and buyers still have an advantage to some degree. In that case, the effectiveness of the resistance breakout at level 1 will be further confirmed, and there will still be a chance for continued upside to test the resistance level of 97900🤒
Therefore, 82300 will be the key level to judge the strength or weakness of Bitcoin’s short-term trend next.#本周Strategy与Strive增持2305枚BTC
$BTC
On September 21, Bitcoin saw a surge in volume and broke above the resistance level of 82850, then rebounded back to the midpoint of the rising channel. However, it failed to continue upward and break through the midpoint. On September 23, a significant pullback occurred, with the lowest point falling to 82875‼️
Meanwhile, on September 23, the pullback trading volume was relatively large, indicating that there is a fairly noticeable sell pressure around the midpoint of the channel.
This suggests that current buy-side absorption is still insufficient, so the difficulty of breaking the resistance level of 97900 in the future will be relatively high.
That said, the current Bitcoin pullback has not yet fallen below the September 3 high of 82300, so the short-term outlook still has some uncertainty.
If the recent pullback breaks below 82300, it will further confirm that the short-term buying strength has weakened. The upside potential of the subsequent rebound may be limited, and the likelihood that the previous breakout above the resistance level of 82850 was a “false breakout” will also increase significantly.
If, however, Bitcoin’s recent pullback never breaks below 82300, it means the short-term upward structure remains intact and buyers still have an advantage to some degree. In that case, the effectiveness of the resistance breakout at level 1 will be further confirmed, and there will still be a chance for continued upside to test the resistance level of 97900🤒
Therefore, 82300 will be the key level to judge the strength or weakness of Bitcoin’s short-term trend next.#本周Strategy与Strive增持2305枚BTC
$BTC
