Yesterday, Bitcoin quickly fell back after a pin bar rebound at the 94900 line, giving a pullback space of nearly 3000 points. After stopping, it rebounded to the 93800 line and consolidated at a high level.

Currently, from the daily chart perspective, the price reversed and closed up yesterday, maintaining operation above the upper Bollinger Band. Market sentiment is relatively sluggish, with the daily level seeing two consecutive days of closing up and the closing price stabilizing above 93500, confirming the continuation of the upward trend from 88000 to 94696. However, yesterday’s candlestick body narrowed with a decrease in trading volume, indicating a lack of strength in chasing higher prices at the high level. On the short-term hourly chart, the Bollinger Band shows an upward opening. The 4-hour level indicates that after recently breaking the previous high, the price has retraced, forming a bearish candlestick with a long upper shadow, suggesting short-term profit-taking pressure. There is clear support at the key position of 92000 below. The short-term continues to maintain a range-bound consolidation. Currently, the RSI is in the overbought zone, indicating a need for a pullback adjustment in the short term. In the afternoon, continue to pay attention to its pullback strength. The afternoon strategy is to continue holding the short position that was followed up in the morning, and if the pullback confirms support without breaking, continue to look for a rebound!

On Thursday afternoon, friends with short positions above 83500 can continue to hold and look for 92000. If it touches near the support and stops, they can reverse to go long, continuing to look for bullish rebounds to refresh the high point! #加密市场反弹