The afternoon market once again completed its course, with Bitcoin rebounding to the 95415 line before peaking and retreating, oscillating down to the 94154 line. Our short position also successfully captured nearly a thousand points, with the market experiencing a downward trend. We entered a short position at 95197 and exited when it dropped to 94219, securing nearly a thousand points. The market is still so manageable; did you catch this trend?
From the current market situation, the daily chart shows consecutive bullish candles, but a substantial breakthrough has not yet been achieved. Although the current market indicates a bullish trend, the movement is relatively slow, oscillating around 95000 for correction. If the upper pressure cannot be effectively broken, the market may reverse at any time; from the four-hour chart, the Bollinger Bands are opening up, with the current price wandering between the middle and upper bands, showing a corrective oscillation. After this adjustment, it is not difficult to see the weakness in bullish momentum, which has failed to provide a strong rebound. For the current market, both long and short positions can offer decent space. In the evening, we can first look for a rebound, paying attention to the key resistance level of 95500 before entering a short position.
Bitcoin can be shorted between 95300-95800, targeting around 93500; Ethereum can be shorted between 1840-1870, targeting around 1760. #比特币 $BTC