Wednesday, another new day, good morning everyone!
The price of Bitcoin is continuing to pull back after rebounding around 95400, with the morning low reaching around 93900. The overall rhythm remains within the range of the box. The short-term strategies we've provided in the past few days have been very clear. If you have followed our suggestions, I'm sure many of you have enjoyed some gains!
Currently, the technical structure hasn't changed much. The up and down space isn't very large, and there hasn't been a significant one-sided move. However, I've mentioned before that this makes it easier to trade because the shape and structure are here. As long as you don't chase, you can generally achieve a good outcome. There hasn't been much change on the daily chart, and the larger trend is maintaining a high-level oscillation. Without significant news or macro narratives in the short term, this will lead to insufficient overall momentum. Although the smaller cycles have pulled back, the overall structure remains unchanged. It is expected that the lows will continue to rise and oscillate. We are currently seeing a pullback action, and in the short term, we see signs of halting to look for low-level opportunities to go long!
On Wednesday morning, focus on going long in the 93000-93500 range for Bitcoin, with the upper focus on the 95500-96000 area. If the rebound breaks through, follow the trend accordingly. If it doesn't break, continue to operate by selling high and buying low within the range! For reference only, not constituting investment advice. $BTC #加密市场反弹