The risk of Bitcoin's decline still needs to be observed for 1 day. Currently, around 95700 is still a relatively large resistance level, and the trend is relatively weak. It is worth paying attention to the price performance after the data is released.

Here, it is important to note a point of contention. If it does not reach 95700 and starts to pull back again, then the subsequent rise of Bitcoin to 95700 will no longer be a resistance. It must touch this level in a short time to be considered a significant resistance. In fact, shorting BTC is relatively difficult because, unlike going long, you might just miss the profit-taking point and turn from profit to loss.

The low point of yesterday's spike was around 91000. If it is intentionally washed out, there will be a false break below and then it will quickly recover. If it were stronger, it wouldn't have pierced through. You need to look at more daily trends for reference.

For example, our intraday strategy to go long on ETH today is based on seeing the Ethereum exchange rate strengthening. It intentionally broke below 3260, starting an upward trend line, and then quickly reversed the trend. This washed out the bulls who were going long at that time. This created a short trap structure, achieving both a long and short spike. The actual point we went long today was at 3340, which was quite aggressive since the low point was around 3250. We didn't place an order to wait for a lower point because we were likely to miss this upward move, so after we woke up, we decisively entered the market at the market price and captured a quick profit from the rise.

I am afraid that around 95700 there will be another reversal. In any case, these short-term fluctuations require good profit-taking points; it's a race to see who runs faster. A one-sided market can only push towards 100,000 if it stabilizes above 96000; this is a necessary condition. #BTC 👉返佣