Bitcoin has dropped back, I need to prepare for action!
For short-term trading, we can buy near 95,000 to make a small rebound. Bitcoin has dropped 2,500 points, so a rebound of 1,000 points shouldn't be a big problem. We reminded everyone yesterday to take profits at 97,000, and then to buy the rebound in the 95,000 support zone, and now it has arrived.
However, for long-term trading, Bitcoin has risen significantly this month, especially as it approaches the 100,000 mark. In the medium to short term, there may be a significant pullback, perhaps down to around 92,000 or 90,000, which is still quite normal, considering it has risen from 70,000 without significant corrections. Nonetheless, in the short term, we can still look for rebounds in the relatively good support zones of 95,000 and 92,000. Let's first take a look at the 95,000 level and try it out, and then consider shorting afterwards.
