Bitcoin Market Analysis: Short-Term Peak Signal Appears, Caution Advised for Short Selling
Recently, Bitcoin failed to provide an ideal pullback after a surge, with more focus on the market's capital game, leading to a lack of good entry opportunities. The expansion segment starting from the bottom has reached the key level of 0.5, with a possibility of a peak in the short term; further observation is needed after the small cycle guiding structure forms.
Currently, the market has liquidated most of the short leverage, and the weekend liquidity accumulation phase may bring volatility. Even if tonight follows the upward trend of U.S. stocks, the upper space is expected to be limited, and the depth of the pullback still needs observation. If a false shorting structure forms on the technical side, the probability of a counter-rally will increase.
Operational Suggestions:
• A light short position can be attempted above 118000
• Targeting around 117000-116000
• After a month of bullish momentum, breaking the high requires caution for phase transition; chasing long positions carries high risks, so patiently wait for market adjustment signals.
