Yesterday, in the analysis article, we provided a bearish target of 100000. Today, the market did not disappoint, reaching around 100100, just a step away from the target. From 102500 to 100100, there was a drop of 2400 points, and I believe that those who have been paying attention have more or less enjoyed a wave of market benefits. I wonder how much profit everyone has captured?
From a technical structure perspective:
- Daily level: The trend shows a bearish pin bar probing the bottom followed by a series of bullish candles, forming a staircase-like continuation. - 4-hour level: After experiencing a significant bearish pullback, the market has since rebounded and corrected. Currently, it is in a broad range consolidation phase, and as the rebound momentum gradually weakens, it is not advisable to blindly chase long positions to avoid buying at high levels. It is recommended to consider short positions to capture a pullback.
Trading Suggestions
- Place short positions near 106300 as Bitcoin rises, targeting around 101000.
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