Brilliant Glory: Short Bitcoin near 94800
Bitcoin fell again in the morning, with trading quiet over the weekend and the price fluctuating downward. Therefore, continue to short at high levels, and short again on the rebound in the early hours of Monday.
Technical Structure: The hourly moving averages show a bearish arrangement with a death cross pointing downward, and the daily level also exhibits a bearish trend. There is still room for Bitcoin shorts, and market sentiment is relatively weak.
Opinion: The nature of the rebound after a short-term high-level consolidation is facing another obstruction and decline, maintaining a weak tone throughout the week.
Reference Plan: Short Bitcoin near 94800, target 93800-93000.
