Saturday Bitcoin

Strategy: Continuation of Short Position

Yesterday, BTC rebounded and attempted to break through the 120,000 mark but faced resistance and fell back. The weak trading volume has led to a continuous decline in rebound momentum, highlighting short-term upward pressure. The subsequent trend leans bearish.

Intraday Strategy: Focus on shorting at highs and betting on a pullback.

Operational Suggestion: Establish short positions in the 118,500 - 119,000 range, targeting a drop to 117,000 - 116,000. Utilize the market's weak momentum to take advantage of the pullback space.