5.1 Bitcoin Market Analysis

Bitcoin is oscillating at a high level, with the price still the same; is your position still intact?

Yesterday, due to unfavorable GDP data, there was a small-scale false break below the trend line, which captured liquidity below before rebounding, forming a wave of deceptive market behavior. The target above remains the liquidity area and resistance level near 96200.

Currently, the accumulated liquidity here is sufficient, and if we can successfully capture it within this week, we can better start the pullback.

For intraday operations, we still think in terms of oscillation, looking to short in the 95200-95500 range, and watch for 93600. A significant drop is imminent! #BTC