$BTC Today's Market Analysis

The market for Bitcoin has not changed much in its intraday consolidation pattern, continuing the consolidation from yesterday. However, the upward resistance is slowly decreasing, and the short-term downward oscillation trend remains unchanged.

Currently, the price is running around the 97000 level. Although it has fallen below the 96000 support level during the day, the subsequent downward momentum is not strong, and there is a potential for a rebound.

Therefore, it is not advisable for everyone to blindly short the market, as a reversal could lead to unnecessary losses. Our strategy remains cautious, favoring shorting on rebounds.

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