$BTC Short-term rebound expected, key support level can be used to speculate on long positions!

Overall trend has retreated from a high peak, short cycle has entered a correction structure.

On the left side, there was a wave of increased volume pushing up to 90600 before quickly retreating, with the main force obviously taking profits.

Subsequently, the price broke below EMA21 and EMA55, and retraced to near EMA155.

Currently in a weak end of correction below the moving averages + oscillating in the oversold range.

RSI has entered the oversold zone.

It is recommended to try light positions on short-term long trades at the key support level (10 minutes #事件合约 ).

First strong support

87550 – 87600

Second defensive support

87000 – 87150

Extreme support level

Around 86800 (if broken, the trend will weaken and one needs to stop loss and rest).

BTCUSDT

Perp

67,352.8

-0.71%