Morning Analysis

Yesterday's market fluctuated narrowly between 94500-95500. After a drop to 93600 in the early hours, Bitcoin rebounded. The fluctuation has lasted for 6 days, so pay attention to the closing of the monthly K-line and the fluctuations of the past two days.

The market has entered a range-bound correction, with bullish momentum weakening, showing a 'rebound-drop' tug-of-war, and there is significant resistance to upward movement. On the technical side, the volume is shrinking, with MACD divergence and RSI overbought conditions resonating, indicating weak bullish breakout intentions. Short-term bearish expectations dominate, so be cautious of potential traps; during the day, it is suggested to go short at high levels and long at low levels.

Operating Suggestions

Long positions in Bitcoin are recommended in the range of 93500-94000, with a target of 95000-96000.