The short-term moving average (MA7) of Bitcoin has been consistently rising, providing good support for the market. However, recently there have been patterns of doji and hammer candlesticks, which indicate that there may be a significant struggle between bullish and bearish forces in the market.
Looking at the trading volume, the current sentiment is relatively stable, with most investors on the sidelines. It is estimated that in the short term, the price will fluctuate back and forth within the current range, or may drop slightly and then rise a bit. For the future market, it is still recommended to wait until the price increases a bit before considering shorting. Investors need to be patient, holding onto their positions and waiting for a significant price drop.
Afternoon trading strategy: Short directly at 109500-110000, aiming for a target of 107500.
