Tuesday, the overnight rebound is weak, and the strategy remains bearish!

Last night, I suggested a short position at the 97000 level for Bitcoin. The price quickly touched this position and then retraced sharply, with the low point reaching the target of 95100. After realizing profits from the short position, I suggested continuing the short strategy around 96000 early in the morning. The overnight price rebounded near 96300 and then started to decline again. Congratulations to the followers who kept up with the strategy!

From the current trend, the price continues to maintain a downward oscillation. The continuous retracement has led to a strong sense of market panic, and bullish enthusiasm has largely dissipated. If a good rebound cannot be established, there is a possibility of further downward movement. At the same time, the strength of the rebound is gradually weakening, and the upper resistance on the short term is slowly descending. If the resistance area cannot be broken, the price is expected to go lower. On the 4-hour line, the price continues to be under pressure at the middle track, with multiple rebounds failing to achieve results, maintaining a weak oscillation. All moving averages show a downward posture, and the short-term range is continuously moving down. If the low of 95000 is refreshed again, the bears will continue to push further down!

On Tuesday morning, Bitcoin continues to reference a short position near 96500, looking down at the unchanged target of 93000! The short term may continue to involve repetitions, so remember to manage risk well while catching rebounds, and do not be greedy! #地缘政治对比特币的影响