In the morning trading session, Bitcoin's price relied on the daily line resistance level, and we decisively laid out a short strategy above 95300. Subsequently, the market trend met expectations, with the price gradually dipping, ultimately exiting smoothly at 94500, successfully achieving a strong opening for morning trading. (Yesterday also achieved a precise high short at 95500)
From a short-term perspective, Bitcoin showed a pattern of rising and then falling last night, after which the price stabilized around 93400 and rebounded. Observing the 4-hour K-line chart, while the price shows a fluctuating upward trend, it faces significant selling pressure near 95500, with market selling strength increasing. Overall, Bitcoin is currently in a high-level range of oscillation.
In terms of trading strategy, it is recommended to adopt a high short and low long range trading approach:
- Intraday low long strategy: There is strong support in the 93500 - 93000 area below Bitcoin, and one can lay out long positions in this range, with bullish targets sequentially looking at 94500, 95000, and 95500.
- Intraday high short strategy: When the price rises to 95500, one can attempt a light short position to capture the price correction profit.
During the daytime trading session, the market is fiercely contested between bulls and bears, presenting two-way trading opportunities. It is advised for investors to focus on range operations, strictly set stop losses and take profits to guard against market volatility risks, and seize every trading opportunity.