$BTC
Good afternoon, today's insights are a bit late, sorry everyone!
After yesterday's spike, the market continued to rebound in the morning, reaching a position of 983 during the U.S. trading session, breaking the morning high of 981. However, the market quickly experienced a decline, reaching a low of 943 in the early morning.
This morning, the rebound continues, similar to yesterday, but the strength of the rebound is stronger today. Therefore, we need to wait a bit before opening a short position, considering entering around the U.S. trading session.
Also, it's important to note that there was a dip to 943 in the early morning and a second dip to 956 in the morning, indicating that the short-term lows are moving up. This suggests we are in a stage of oscillation biased upwards. After opening a short position today, we need to adjust our thinking a bit.
According to the 4-hour trend line on the chart, the entry point today is around 985-988. We should look for a downward move towards the 970-960 area, and after stabilizing, we should consider reversing positions to look for an upward move.
See you tonight at 10 PM in the live broadcast room.
