1.2 Morning Bitcoin Market Analysis!

Yesterday, Bitcoin's overall intraday trend maintained a wide range of fluctuations, with both bulls and bears pulling the price back and forth by over a thousand points. It rebounded near the low at around 92800, and by early morning, the bulls exerted strength, with the price rebounding to a peak of around 95000. Currently, it is operating around 94500. The subsequent supply from the bulls is insufficient, and the market has not stabilized for further upward movement. Compared to yesterday's trend, the fluctuation range is slightly compressed. If the price cannot make a strong rebound and break through the resistance near 96000, it is expected that the fluctuation market will continue for some time.

From a short-term perspective on the hourly chart, the market is under pressure and experiencing a pullback. Currently, the price is continuously fluctuating within a range, entering a rhythm of fluctuations. The current price is around 94500, and in the short term, it is expected that the price will further test downward. It is still recommended to conduct trades by going short at high prices and long at low prices. If the price breaks downward, there is a risk of further testing the 92000 level.

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