Has the low point of this Bitcoin pullback already appeared?
In the early hours of Tuesday, Bitcoin fell to nearly $90,000, and over the next two days, it oscillated upward during the daytime, surging again to around $97,200 early this morning, clearly indicating a strong return of the bulls.
Although there has been a certain pullback currently, this also indicates that there is still some pressure above. Therefore, it is currently possible to attempt a short position at high levels and observe the strength of the pullback.
If the support level at $94,000 can hold steady, then it may be possible to switch to a long position at the bottom.
Operational recommendations:
Short Bitcoin in the price range of $96,000 - $96,500, with a target price of $95,000 - $94,000.
Regardless of how the market fluctuates, it is essential to set a stop-loss to avoid being trapped.
