Bitcoin Market Analysis and Trading Strategies

Yesterday, Bitcoin rebounded after a pullback to 916 USDT, oscillating in the 930-935 USDT range, and quickly surged to around 945 USDT this morning.

Although the daily line closed positively, it has not effectively broken through the key resistance level, making it difficult to establish a bullish trend.

Before stabilizing above 950 USDT, it is expected to maintain an oscillating pattern, with trading opportunities existing in both long and short directions.

Trading Suggestions:

- Short Strategy: Position short orders in the 940-945 USDT range, with a stop-loss at 951 USDT, target prices at 920 USDT and 910 USDT;

- Long Strategy: Enter long positions in the 920-925 USDT range, with a stop-loss at 915 USDT, target prices at 945 USDT and 950 USDT.

It is recommended that investors strictly execute stop-loss strategies and closely monitor the breakthrough of key price levels to seize trading opportunities in the oscillating market.