Good morning! Last night, $BTC experienced a strong pullback, dipping nearly 2000 points, with a low near 93400 forming a bottom support, followed by a rapid rebound.
In the morning, BTC slowly oscillated upwards, reaching a high of 95415, then fell back to around 94500, showing a corrective oscillation trend.
Currently, the four-hour and hourly technical indicators are both trending upward, but there are clear signs of stagnation after the rebound. After two consecutive bullish candles, a small bearish candle appeared with a long upper shadow, indicating significant pressure above, and the bullish momentum has weakened. The Bollinger Bands are converging, with the price oscillating between the upper and middle bands. Before effectively breaking through the key resistance level of 95769, it is recommended to focus on short positions during the rebound.
Suggested operations for Bitcoin: Short at 95000-95500, with a target around 93000.
