On the 27th, there was repeated fluctuation with a highest point of 96617 and a lowest point of 95195. A substantial breakthrough has not yet occurred, and it remains fluctuating back and forth! From the market perspective, the selling pressure during the European session yesterday afternoon caused BTC to drop to 95200, after which a sideways market appeared at the hourly level to stop the decline. However, despite several rebounds last night, it consistently failed to break through the short-term resistance level of 96500, and multiple rejections indicate weak upward momentum, suggesting further pullback space. Therefore, the main strategy for intraday trading should focus on short positions.
Intraday trading suggestion: Short in the range of 97200 - 96500, targeting 95200 and 94600. Once the first target is approached, consider exiting, and then decide the subsequent direction based on the breakout situation.
As a seasoned investor in the cryptocurrency space, I, Tu Fei, would like to share my experiences and insights. Interested in the cryptocurrency world but unsure how to start? Follow me, check my homepage, and join my public account group to achieve freedom in this bull market.