Bitcoin Operation Strategy:

The market for Bitcoin has seen a significant upward trend today as it has developed over the weekend. The market has also shown a strong bullish momentum, leading to a one-sided trend. From the current market situation, the testing of the bottom seems to be completed in the short term. What we need to focus on now is the pressure level above. After the recent high point retracement, the area of large drop has been compensated, and we should look at the overall market consolidation strength. The high-level selling pressure is reflected in the range of 93500-94000, while the retracement area is in the range of 89000-87000. In the subsequent market, the retracement point of 87000 is more optimistic with micro BTC 1207.

Strategy: It is recommended to enter short positions in the range of 92400-91800, with a risk control of 500 points. The target position is to look at 89400-87400, and then consider going long at 86400.

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