Bitcoin Market Analysis and Trading Strategies

Recently positioned for short trades, although the market continues to rise, precise levels have allowed for short-term profits of a thousand points.

As the end of the month approaches, bullish news is fading, and bearish signals may be on the horizon.

From a technical perspective, both the daily and weekly charts are in an overbought state, which may become more apparent on Sunday afternoon.

$95,000 is a critical dividing line for bulls and bears, and Monday's movement is worth paying close attention to.

After breaking the high, prices have not continued to surge but instead linger at elevated levels, providing ample time for distribution.

Therefore, we firmly advocate a high short strategy, suggesting shorting around $95,500, with a target aimed at $88,000.