Looking back at Friday night's Bitcoin market, there was a sharp pullback that disrupted Lao Zhu's daytime strategy. However, Lao Zhu quickly adjusted and directly shorted based on the existing position, successfully helping students recover losses from the previous setup, with a small profit of 300 points.
The actions of the market makers in this wave are no different from bullying; it is aimed at undermining the confidence of retail investors. Failure is not scary, what is scary is losing the courage to start over. Do not be discouraged, and do not let the market makers succeed. For the early morning setup, we will still maintain a high sell and low buy strategy; those who cannot grasp the market can follow Lao Zhu's approach, and Lao Zhu will provide you with the most professional analysis.
From an hourly level technical analysis of the Bitcoin market, after hitting the bottom at the 102200 line, it quickly rebounded to the current level, hovering around the 103000 line. Currently, this level is acting as a resistance point, and the market is testing it. If the 103000 level forms a strong resistance point and fails to break through effectively, based on technical analysis theories and historical market performance, prices typically move in the opposite direction when resistance levels cannot be breached. Therefore, in the short term, the bullish trend will likely see a significant rebound. (Note: Short-term operations should strictly set stop-loss points (around 500 points)).
Short position near Bitcoin 102800 (for aggressive traders, looking at a 100-200 point space, just set a strict stop-loss) Short-term target 104500 aiming at 106000 line
