$BTC #BTC 5.6 Midday Bitcoin Outlook, Same Name Cough in Gongzhong

The morning market is nearing its end, as the bulls in Bitcoin experienced an outbreak at dawn yesterday, lifting the price to around 94800. Due to significant pressure from above, Bitcoin was unable to break through further, and then quickly started to retract, stabilizing after hitting a low near 93800. The recent market fluctuations have also been considerable, but overall, Bitcoin is still oscillating within the range of 93500-96000. From the current perspective, yesterday's daily closing produced a small bullish candle, with elongated upper and lower shadows indicating that both bulls and bears are in a tug-of-war, with fluctuations exceeding fifteen hundred points. This range provides a relatively considerable profit, and our short positions set up early yesterday morning and at dawn successfully captured profits of thirteen hundred points and seven hundred sixty points respectively. Grasping the right points within the oscillation range to take profits is still relatively easy. I believe those who kept up have already made a profit. For midday operations, we can maintain a short position approach.

Bitcoin can be shorted at 94300-94600, aiming for a target around 93000, while Ethereum can be shorted at 1810-1830, targeting around 1760.