Tuesday Morning Bitcoin Market Analysis and Trading Suggestions

1. Review of Yesterday's Trend

Yesterday, Bitcoin surged but did not continue to rise, encountering resistance at the 99000 area, followed by a pullback and adjustment.

From a technical perspective, it has been declining continuously. Although there were rebounds driven by volume, they did not hold, showing weakness. The daily line closed in the red and continuously broke down.

In the early morning, it dropped to a low of 92660, where some investors took long positions. Although they made a small profit, it had no substantial impact on the overall downward trend.

2. Current Market Situation

The market is now completely in the hands of the bears. To change Bitcoin's weak pattern, we need to consider several key factors:

A rapid increase in price above the trend line to form a false breakout structure could disrupt the bear rhythm and bring about a turnaround.

Recently, the daily line has seen massive declines and closed with a long shadow, which could trigger a re-evaluation of long and short forces, prompting a change in the pattern. If the downward structure continues, we need to see the daily level form a bottoming oscillation accumulation structure to build up bullish strength to reverse the weakness.

However, none of these conditions have been met so far, so the Bitcoin market remains in a downward trend.

3. Subsequent Trading Suggestions

According to the current market trend, subsequent operations should be predominantly bearish, closely following the market rhythm.

For short-term trading in Bitcoin this morning: Short when the price rebounds to the 94800 - 95200 area, targeting 93000.

Investors should closely monitor market changes, flexibly adjust strategies, and strive to maximize profits.

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