On Monday morning, Bitcoin faced a high yesterday but failed to extend its upward movement, reaching a peak around the 95700 area before encountering resistance and subsequently undergoing a pullback adjustment. Currently, it is showing a tendency for low-level consolidation, and overall it appears relatively weak. At present, the sentiment for continued low-level consolidation is quite strong!
From a technical structure perspective on the four-hour chart, after rebounding to the 95700 area yesterday, it faced pressure and adjusted downwards. In the afternoon, it experienced continuous declines with increased volume, and this morning it made another downward push to test the bottom, reaching a low of 92961. The short-term bearish sentiment is relatively strong. It is expected that the downtrend will continue throughout the day. Therefore, the short-term support at 93000 is likely to be difficult to hold. So, the strategy remains to rebound and aim for short positions.
For short-term BTC operations this morning: Rebound in the 94000-94500 area, targeting 93300-92000.
The situation is intense, with continuous wins. If unsure about the long or short positions, stick to the strategy and move forward together! Let's create brilliance again!
