BTC Market Analysis in the Last 15 Minutes with Long-Short Ratio Chart Attached

Overall analysis
The price has been fluctuating between 97000-98500 recently
In the short term, the market shows a trend of oscillation and upward movement, but there are signs of the short-term EMA turning downwards, indicating that there may be some downward pressure in the short term. The price fluctuates between the short-term EMA and the medium-term EMA, indicating the market's need for oscillation and consolidation in the short term.
In the medium term, the medium-term EMA maintains an upward trend, indicating that the market's medium-term trend remains strong. The frequent occurrence of the 'V-shaped reversal' pattern also indicates strong buying pressure in the market.
In the long run, the rising long-term EMA indicates that the long-term trend is still positive.
Recommendation: In the current market environment, investors may consider buying on dips near the support area (97500-98000), and the target price can be set near the resistance area (98500-99000). At the same time, it is necessary to closely monitor the changes in the short-term EMA and the performance of the key support level 98100 to prevent unexpected downward risks in the market. For investors with lower risk tolerance, it is advisable to remain cautious and wait for a clearer market direction before taking action.
Technical Analysis
Candlestick pattern: Overall showing an oscillating upward trend, price fluctuating between 97000-98500.
Pattern analysis: Multiple small "V-shaped reversals" indicate strong buying power, and multiple "dojis" indicate that the market is on the sidelines.
Key levels: 98100 is an important support level, 98500 is an important resistance level.
Support and resistance: 97500-98000 is the short-term support, 98500-99000 is the short-term resistance.
EMA: Short-term EMA turning downwards indicates pullback pressure, while mid-term EMA rising shows strong mid-term trend, and long-term EMA rising indicates a positive long-term trend.
Potential buying and selling points
Buy point: 98100 USDT (close to the recent important support level, rebound after multiple tests, may form effective support)
Long stop loss: 97500 USDT (breaking below the short-term support area may confirm the short-term trend reversal)
Sell point: 98500 USDT (approaching the recent important resistance level, after multiple touches, there is a risk of selling pressure)
Short selling stop-loss point: 99000 USDT (Breaking through the short-term resistance area indicates that the uptrend may continue)
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