$BTC Bitcoin Short-Term Trend Analysis
After a rapid rise to 94,000 in the morning, there was a quick retreat. This rebound overall is relatively weak, with insufficient momentum and volume. The market shows a trend of shrinking volume and stagnation, so one should not easily chase after the rise.
In short-term trends, after a candlestick closes at the 30-minute level, it begins to weaken, with expectations of a top structure. From the perspective of the theory of 'Chan', there is an expectation of forming a second sell at the current position. After the candlestick closes, we entered a short position based on the signals given by the market. If it can break new highs and stabilize at the 4-hour level, we will abandon the short-selling idea.
In the medium-term trend, the major support is around 88,000. Currently, the overall market sentiment and external environment are gradually improving, and there is not much expectation of a large drop in a single day. The main focus is on a fluctuating perspective, with an overall strategy of high selling and low buying. One should avoid chasing rises and killing dips.
Intraday Operation Strategy
Short positions are the main focus, and the community has already laid out short positions at high levels. Pay attention to the further trend of the market, with expectations of 92,000-92,500 below.
