Bitcoin Trend Deep Insights: Market Pattern Under Mixed Long and Short Positions

Just yesterday, we mentioned there were signs of market stabilization, and indeed, we smoothly welcomed a rebound during the day. This round of rebound is expected to reach a height of 94,500, and the 1-hour bearish order block has also been fulfilled.

Firstly, the 1-hour bearish order block drawn yesterday was successfully pierced by market prices, indicating that the strength of this rebound far exceeds previous estimates.

However, considering the current situation, it is not believed that prices will break through directly. The market is likely to need to build a range for consolidation and accumulation.

Secondly, the 4-hour bearish order block range has been adjusted to 97,000 - 99,000. Within this area, we can still look for bearish patterns to timely initiate short positions, thus seizing trading opportunities brought about by market fluctuations. In the long and short game of the Bitcoin market, we can respond flexibly to optimize and layout investment strategies.