$BTC Wednesday, Bitcoin Morning Market Analysis!
The overall trend of Bitcoin is still basically consistent with the old Ye's thinking. The short positions set in the 107500 area during the early morning have successfully closed, and the 2000 points of space have been realized!
With the continuous decline in the price comparison during the early morning, the overall rhythm and pattern have clearly weakened. From the four-hour level structure, after the price refreshed the historical high of 108366, the upward momentum has significantly weakened, and the short-term rebound space has been completely swallowed.
Yesterday, old Ye kept reminding not to chase at high positions, as the market is unstable and could collapse at any time. Wait until the pullback strength is fully released before planning long positions based on market sentiment. As for whether the thinking is accurate, just look at the current Bitcoin market, and you probably have the answer in your heart; there's no need to boast!
Currently, the pullback strength has not been completely released, and there is still a need for further downward movement. The short-term rebound is not enough to change the current pullback rhythm. Future operations should still maintain the strategy of going short before going long!
Morning BTC operation personal suggestion: Short in the 105900-106300 area, target 104500-103500!
