1-12 Today's Strange Market Outlook



Bitcoin Latest Market Analysis + Support and Resistance Levels Sharing!!! #BTC $BTC
🚨 Urgent Market Correction: 91,600 Fake Breakout (Bull Trap) Confirmed, Bulls Encounter "Painted Door"
Latest Situation:
诱多杀跌 (Trap to induce buying then sell off): Just an hour ago (15:41), BTC was showing a "breakout upward" posture at 91,632, but within the following hour, it faced violent sell-off, dropping straight back to 90,423. This is a classic "Fakeout" or "Painted Door" market.
Emotional Reversal: Long positions chasing above 91,500 were instantly trapped. The current decline not only wiped out the early gains of the European session but also broke below the intraday midline of 90,500. Market sentiment shifted from "Optimistic Breakout" to "Panic Rebound."
90,000 at a Critical Point: Price has returned to the lower boundary of the weekend's oscillation range. Note! The more times support is tested, the weaker it becomes. After a fake breakout, the downward momentum is usually strong, and the 90,000 level is about to face the week's most severe test.
1. Support and Resistance Levels (Precise Calculation)
Short-term Support (1-3 days, Intraday Critical)
90,000 - 90,200: Lifeline (Cliff Edge). This is the last defense. If the European session continues to volume-drop below 90,000, the newly entered longs will be trampled, triggering a chain of liquidations.
89,400 - 89,600: Pinning Limit. If 90k fails, this is the next liquidity pinning point.
88,500: Strong support at the top of the range. If panic selling occurs, price will head straight here.
Medium-term Support (1-2 weeks, Swing)
88,000: Structural bottom.
86,000: Trend dividing line.
84,500: Major bottom.
Short-term Resistance (1-3 days)
90,800 - 91,000: Immediate Resistance (Support-Resistance Flip). An hour ago, this was support; now, after breaking below, it becomes resistance. If price cannot rebound above here, short-term outlook is bearish.
91,600: Fake breakout high. Today's highest point, and the heaviest trapped position above.
92,500: Strong resistance.
Medium-term Resistance (1-2 weeks)
93,500: Trendline resistance.
94,415: Previous high resistance.
96,500: Swing target.
2. Comprehensive Analysis and Best Entry Strategies
Overall View: Currently at 90,423, in the "Inertia Downtrend after Fake Breakout" phase.
Bearish Logic: The 1-hour chart shows a very ugly "Engulfing Bearish Candle," indicating strong selling pressure above. Short-term momentum is downward; a rebound around 90,800 is a good shorting opportunity.
Bullish Logic: Although the pattern looks poor, 90,000 has not been broken. Bouncing from the lower boundary of the range remains the highest risk-reward strategy, but the risk is much higher than an hour ago.
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MAtavip
· 9h ago
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