Analysis of Morning Thoughts

This morning, Bitcoin quickly rose to around 97500, with significant market sentiment fluctuations. Be cautious of pullbacks after upward movements, and avoid blindly chasing long positions.

The overnight market continued its strong upward momentum, with current bullish strength dominating; however, we need to be wary of overbought signals. From a daily perspective, consecutive small bullish candles have effectively stabilized at a mid-term support level, indicating strong buying interest below. The intraday market may shift into a range-bound oscillation. Morning trading strategy suggests focusing on short positions with high leverage, supplemented by low long positions.

Trading Suggestions:

Short in the range of 97500-98000, with a target of 96000-95000