1.1 Morning Bitcoin Market Analysis!

On Tuesday, the market bottomed around 91,800 and then started to fluctuate slightly. In the afternoon, the rebound peaked around 96,000 and then began to face selling pressure, forming a downward trend. Currently, the resistance above is still quite strong, with no signs of continuing a one-sided movement. Considering the current fluctuations, it is still advisable to go short at highs and long at lows!

From the current daily chart, the market is still in a weak state in the short term, continuing a downward movement with persistent fluctuations. The rebounds are not significant, and the downward structure has not changed due to a brief rebound. Therefore, the main strategy should still focus on going short at highs. Similarly, the rebound on the 4-hour chart has not been sustained; the price rebounded to the upper range and again faced selling pressure. Under the prevailing bearish structure, the rebound cannot be sustained, so we maintain our bearish outlook.

Short at 94,000-94,500 Watch for 92,000

Short at 3,350-3,370 Watch for 3,250#币安Alpha公布第9批项目 #MicroStrategy增持BTC #MicroStrategy增持BTC $BTC $ETH