4.29 Initial Analysis of Bitcoin Evening Thoughts
After a day of back and forth, the price of Bitcoin has returned to where it was in the morning. Although it seems like there was a significant increase, it has still slightly retraced compared to the morning levels.
Currently, the highest point is around 95,600. As long as the previous high is not broken, one can directly short, but everyone should also see that although the market has been retracing downwards recently, it can quickly recover. The market has been in a range-bound oscillation, consolidating sideways. However, at this moment, it still leans towards taking short positions at high points.
Evening Trading Suggestions
Short between 95,400 and 95,900, targeting around 93,500