$BTC Bitcoin Short-Term Trend Analysis

After a morning surge to 94000, it quickly fell back. This rebound is overall weak, with insufficient momentum and volume. The market feedback shows a trend of low volume and stagnation, so one should not easily chase the rise.

In the short-term trend, after the 30-minute level closes, it shows weakness, with expectations of a top structure. From the perspective of the Chande theory, there is an expectation of forming a second sell at the current position. After the closing, I entered a short position based on the signals given by the market. If it can break through the new high and stabilize at the 4-hour level, I will abandon the shorting strategy.

In the medium-term trend, there is strong support around 88000. Currently, the overall market sentiment and external environment are gradually improving, and there is not much expectation of a significant one-day drop. The focus is on a fluctuating perspective, overall high selling and low buying, and one should not chase the rise or kill the dip.

Intraday Operation Strategy

Focus on short positions, already laid out shorts at high levels, pay attention to the further trend of the market, with expectations for the downside at 92000-92500.