Recently, there has been a strong emphasis on high-position shorts, and last night there was indeed a plunge after a wave of induced bullish market. At this time, we cannot just rely on technical analysis; it is easy to fall into the traps set by the main forces. $BTC

From the overall trend today, the market for Bitcoin shows a slight advantage for the bulls. As of the time of issuance, Bitcoin is below 106,000 points and broke through the 30-minute interval high in the afternoon.

The only thing to consider now is whether this breakout is valid; if it is a false signal, then jumping in could be very dangerous. Currently, Bitcoin is in a significant downward channel on the 4-hour chart, with the main direction still being a bearish trend, and the rebound may be a false signal.

Personal opinion: A major fluctuation in the market is about to come, so do not chase after rising or falling prices randomly. Patiently wait for clear signals to enter, or you can choose to trade short-term swings. $BTC