Brewing, a wave of explosive market conditions is brewing, especially with BTC.... The rebound is not a reversal! Charging towards 10,000 this month is certain, and next is 90,000!
Currently, although there was a brief breakthrough of the 109,000 level, it has not been able to effectively stabilize. The overall trend shows a consolidation characteristic, with both bulls and bears continuously battling at key positions. However, the resistance at 109,700 has not been truly broken, increasing the chance of a pullback.
Overall, the weak rebound at a small scale is not a reversal; we continue to be bearish!
Xiao Shiyi Lang suggests shorting Bitcoin around 109,200, with a short-term target of 106,000, a medium-term target of 100,000, and a long-term target of 90,000!
