On Monday, Bitcoin opened higher, but faced pressure after reaching the 98200 line. The long position we suggested at the 96000 line saw a rebound from 95700 to 98200, gaining over 2000 points. After giving a long strategy in the morning session today, Bitcoin dipped to the 96000 area, rebounded after filling the gap, and then shorted in the 96800 area. Currently, Bitcoin has dropped to 95800, exiting with a profit of 1000 points.
From the current rhythm, Bitcoin's rebound lacks continuity and has started to decline consistently. The daily chart indicates a need for a pullback, and in the afternoon the strategy shifts to rebounding and focusing on shorts, with attention on the 95000-94200 range below.
Monday's afternoon strategy for Bitcoin: Short at 96400-96800, targeting 95000-94200.