4.22 Midday BTC Strategy Analysis

Currently, Bitcoin is in a small cycle high-level震荡区间 (fluctuation range), although the bulls have made a brief upward movement, they have not effectively broken through the key resistance level. The resistance at the 89000 level is strong, and the short-term trend is likely to maintain a wide fluctuation pattern. The sustainability of the current upward momentum is questionable, and it is not advisable to blindly chase the rise.

One can layout short positions in the 88300-88800 area when the price is high, with a stop loss above 89200, and the target is initially set at the 86000-85000 area.

Remind everyone to invest with caution! For reference only!