Bitcoin is still in a rebound trend, but there are many ups and downs. Tonight, pay attention to the level of 101000. As long as the 4-hour candlestick closes above it, the rebound is not over, with the target looking towards the resistance zone of 103000 to 104000. 105000 is the defense line (stop-loss reference).
If you want to try to short: those with a strong risk appetite can look for opportunities near the first resistance level (around 103000).
For those seeking stability, it is best to wait for the price to reach the second or third resistance levels (close to 104000) before considering.
All operations must control position size, and a stop-loss must be set!
If the 4-hour candlestick truly breaks below 101000 overnight, then this rebound will end, and the price will continue to seek support, possibly around 100300, 98800, and 98000.
If you want to try going long, you can look for opportunities near these support levels, with the defense (stop-loss) set around 97000. Position size must also be controlled, and a stop-loss should be in place.
Summary: The current strategy focuses primarily on finding opportunities to short, with going long as a secondary option. Remember to set a stop-loss!
Operating Suggestions
For large positions, fluctuate around 103500-104000 with a target looking towards 102000-101000.
For smaller positions, fluctuate around 2330-2340 with a target looking towards 2280-2260.
