Today's Morning Thought Analysis

Last night, the US stock market opened high and then fell. The Bitcoin price dropped from around 95600 to around 93400 as expected, and since this morning, it has risen again to around 950. Therefore, I still see a downward movement near the 960 or 955 level.

From a technical perspective, the daily chart shows a certain degree of correction, and overall it is still in a high-level consolidation phase. In the short term, it is in a clear sideways state. The MACD on the four-hour chart shows negative values, with some pressure above. The RSI is close to 60, not entering the overbought or oversold zone, indicating market stability. The KDJ on the hourly chart shows signs of turning, while on the four-hour chart it is moving upward. Given this, we focus on the rebound as the main strategy.

Trading Suggestions

Short in the range of 95500-95000 for Bitcoin, with a target looking down to 94300-93500.