Bitcoin has firmly held above the 90,000 mark for over eight days, yet it has not shown signs of soaring high; a true reversal seems to linger beyond reach. While bulls occasionally show intent to rebound, their strength is lacking, and the high-altitude situation remains dominant.
The bullish rebound of Bitcoin is weak, and bears still hold the upper hand. Each rebound merely provides another opportunity for the bears. Therefore, in terms of Bitcoin operations, the main theme continues to be short selling. Bitcoin is expected to continue looking down at the waterfall trend set in early May!
Enter short at 95,300, target 93,000, with a stop loss at 96,000. Personal opinion, for reference only.