After the US stock market opened, the price of Bitcoin did not move in a one-sided trend as expected, but instead entered a phase of fluctuation with up and down spikes, repeatedly testing the price range of 955-947, with bulls and bears in a stalemate.

The current price is gradually stabilizing around 950. Although the main players have the intention to push the price above 960, there is significant selling pressure above 955, and it has failed to break through effectively for several days. Caution is needed; if the price falls back below 928 in the evening, the short-term upward trend may be hindered, and the 960 level will be difficult to reach. Currently, trading volume continues to increase, and market sentiment is becoming active.

Evening Operations

Short positions with light volume around 955 during the rebound; if the price further rises to the pressure zone of 960-962, additional short positions can be added. Key to observe changes in trading volume.

If the price reaches around 962 and trading volume significantly decreases, it will be regarded as an enhanced short signal.

First Target: 950

Second Target: 947

Additional target for significant decline: 938