The key points of the current market analysis are as follows:

Prices continue to oscillate at high levels, repeatedly approaching but failing to effectively break through the previous high of 104373.0. Recently, a small bullish candle slightly pierced the upper edge of the prior oscillation, which may indicate a tentative breakout.

In terms of volume, the phase of increasing volume accompanying the rise has ended, and the trading volume in the high oscillation zone is gradually decreasing. The current rise lacks significant volume support, which may suggest a false breakout.#QQ

In terms of pattern evolution, if the price fails to maintain above 104373 again, it may form a double top structure. Furthermore, if it falls below the short-term support level of 103000, it may confirm the formation of a short-term top.

The suggested trading strategies (focused on short-term) are divided into three types:

A. Implement a short-selling strategy, opening short positions in the range of 103700 to 104000, with a stop-loss set above 104600. The initial target is 102400; if prices break down strongly, it may go to 101800 or even 101000. The reason is that the market has shown signs of a top but has not yet formed a clear reversal, thus requiring quick in-and-out trades.#1371764290

B. Enter short positions only after the price breaks below the support level of 103000 or after seeing a large bearish candle with increased volume. This method is safer but may miss the best timing for the top.

C. For investors holding long positions, it is recommended to gradually take profits on highs. If the price falls below 103000, they should liquidate their positions.

Currently, one can attempt to short, but risk control must be well managed.

The market has not yet formed a clear top and is still in a high-level oscillation phase, possibly preparing for a reversal.

Therefore, investors are advised to take light short positions and set strict stop-losses or wait for clearer reversal signals before taking action.#BTC重返10万 #山寨币交易