4.30 Morning Thoughts
Recently, the market has been oscillating in a high range, with prices approaching the upper Bollinger Band. In the market, hammer candlestick patterns and bullish engulfing patterns have appeared successively. From a technical perspective, this is very likely to become a signal for a short-term upward rebound. However, as the monthly candlestick approaches its close, the market often experiences unexpected changes, and potential risks should not be ignored. Investors need to maintain a high level of vigilance. Pay close attention to the key resistance level at 955, and in the early session, it is recommended to adopt a strategy of shorting on rallies, while strictly setting stop losses to avoid holding positions blindly due to market fluctuations, preventing losses from expanding.
Bitcoin trading strategy: Short near 95000-95800, targeting around 93500.
