#BTC
Bitcoin (BTC) market analysis refers to the current trend entering a repair and consolidation phase, with short-term trends mainly characterized by wide fluctuations. After the recent back-and-forth market washing, it has begun to enter a period of calm adjustment, so the daily strategy is to find suitable opportunities to short high and long low. Additionally, note that after this wave of correction, the market's panic sentiment is strong, and bullish enthusiasm has dissipated significantly. If a good rebound cannot be achieved subsequently, there is a possibility of a continued downtrend, so I hope all coin friends are prepared. The rebound strength of Bitcoin during the day is weakening, and the upper pressure on the short cycle is slowly moving down. If the pressure area cannot be broken, the price is expected to go lower.
Looking at the four-hour chart, the Bollinger Bands are in an opening posture, and the price is operating in the middle and lower track area, maintaining a weak fluctuation trend. Each moving average shows a downward trend, and the short-term range is continuously shifting down. If the low of 95000 is refreshed again, the price is expected to further test downward, so I hope everyone is prepared in advance. The current trend is showing a downward fluctuation, so during the day, if the market does not break and stabilize around 98000, it is recommended to focus on short positions as the primary strategy, with long positions as a supplement. Pay attention to the upper pressure around 98000, and look for short positions to enter during the rebound close to that area.
