【Weile Morning Thoughts】

Rebound in the 95000 - 95500 area to short, target 93000 - 92000.

Bitcoin Trend Analysis

On Tuesday morning, after Bitcoin stabilized above 92000 following a drop yesterday, it began to rebound and is currently fluctuating around 94000.

From a daily perspective, the price has entered a downward channel after breaking below the medium-term track, and a candlestick with a long lower shadow has formed; however, it has failed to break through the upper pressure zone, allowing the bearish trend to continue.

In terms of the weekly chart, the appearance of the “One Bear Engulfing Three Bulls” pattern provides strong technical evidence for the bearish atmosphere, indicating that the market will remain in a bearish dominant situation in the short term.

Looking at the four-hour chart, after two downward tests and recoveries, it has regained the resistance of the broken low at the 94000 level, making it difficult for the short-term weakness to continue, presenting a wide-ranging fluctuation pattern. Currently, the bottom of the previous large bullish candle on the 4-hour chart is near the 92000 level, which is also the critical point for strength at the beginning of the week. If this level holds, the market will continue to maintain a rebound and oscillation; conversely, once it breaks down, the market will weaken.

Intraday Short-term Strategy

In summary, the intraday short-term strategy can initially maintain a fluctuation approach, and adjustments will be made to the strategy after the market breaks through.