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Let's first look at the daily chart of Bitcoin:
Yesterday was a steady volume but didn't decline much, so there is some support around 943. Now we need to see if the upper pressure at 972 can hold. As long as the weekly candlestick closes above 972, we still expect volatility. If it can't hold, the next time it reaches 943, it might not hold up.
Let's take a look at the smaller time frames:
Although it looks like it's been suppressed at 972, there hasn't been a volume confirmation of pressure or a volume drop, so it mainly looks like consolidation for now. If it breaks below 940, we can expect a significant pullback.
Today's strategy:
Betting that 972 won't break, go short, stop loss at 972.
Observe the support situation at 940 in real-time. If it breaks below, go short; if it doesn't, go long.
Morning trading analysis is complete. What do you think, everyone? Feel free to discuss and exchange in the comments. Here is your little white, providing free daily blind analyses (heart emoji).