It's been a while since I analyzed for everyone. I happen to have time this evening, and I will keep up with daily analyses moving forward. Recently, Bitcoin's price started to pull back after testing the 95,000 mark, with the intraday low dropping to around 89,300. If you've been paying attention to my other markets, you should know that I have been bearish from the 95,000 mark down to around 89,600. Perhaps I didn't provide enough insight here, so without further ado, let's get to the point.

On the four-hour chart, after testing the lower Bollinger band, the price formed a lower shadow and then moved upward. It is currently operating within the middle and lower bands. In the short term, the price is likely to rebound due to bottom support, with current resistance at the middle band around 92,300. The MACD is also in a bearish contraction pattern, indicating that the price is likely to rebound this evening.

Therefore, at the current price of 91,000, we can directly look for a bullish move towards around 92,100. If it breaks through, we can continue to look towards the 94,000 mark.

Follow the public account, "How to Relieve Worries, Only Jiang Wei," a treasure analysis blogger full of emotional value, sharing trading education for free. In the restless trading market, he brings stability and clear guidance, navigating through three cycles of bull and bear markets and years of practical trading experience. He specializes in naked K, trends, Dow theory, Gann, harmonics, Chande theory, Elliott wave theory, and other technical analyses, gathering them into his unique insights.

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