5.1 Initial Thoughts for Morning Analysis
From the four-hour chart, the current price of Bitcoin is running below the middle band of the Bollinger Bands, with a slight downward shift in the short-term focus. Structurally, the upper resistance is at 95,500, while the key support area is at 93,000. If the subsequent rebound cannot regain the middle band at 94,500, the market will face continued weakness. However, the overall structure still leans towards consolidation, and the Bollinger Bands are gradually narrowing, with both bulls and bears in a stalemate, facing a directional choice in the short term.
Operational suggestion: Maintain a wait-and-see approach or a light position strategy of selling high and buying low. If the price rebounds to the 94,500-95,000 area, consider attempting a small short position, targeting around 93,000.
