$BTC Tuesday, Bitcoin rebounded sharply after a strong pullback, with clear signs of recovery to the upside, short-term lows should participate!
On Monday morning, the price comparison rebounded as expected, although the upward momentum exceeded expectations, the rhythm of the trend was still within the expected range. The strategy proposed to short in the high area of 95000 on the rebound. Fortunately, the price increase was blocked and successfully resulted in a significant pullback. Friends who followed the plan may have held positions, but the subsequent outcome still has a downward space of 2500-3500 points!
Currently, in terms of rhythm, last night's strong trend of Bitcoin saw a significant pullback, with the price comparison dropping to around 88900, and the intraday downward space even reaching over 7000 points. However, the subsequent rhythm quickly rebounded by 4000 points to the area of 93000. At this stage, the overall structure still shows a very obvious sign of upward recovery. Although there have been short-term downward movements, the intensity is not enough to change the current recovery sentiment. Currently, whether on the hourly or four-hour level, the structure shows a clear upward recovery state. The short-term trading strategy in the early morning should still focus on following the trend to go long!
In the early morning, Bitcoin operations are centered around the 92000-91500 area, targeting 93500-94500!
