Market Analysis

Bitcoin had a false breakout yesterday. Looking at the position of the arrow in the chart, this breakout did not have much volume. A volume-backed pullback indicates that we cannot go long here. I have provided you with left-side limit order positions. The 97937 I provided yesterday resulted in losses regardless of whether you went short or long. I am not a forever-profiting blogger; if the direction is wrong, I admit it. Do not hold onto losing positions!

Returning to the current market, the 4-hour chart closed with a doji. Personally, I am bearish on today's market. This position is also not suitable for chasing a short. We can go long at the key support level of 94683 below.