$BTC

Bitcoin Market Analysis

Looking at the daily chart, there have been four consecutive days of bullish closes, and bullish sentiment continues to warm up. The price is currently rising and has broken through the previous Bollinger Band middle line.

If it can break and stabilize above the mid-axis position during the day, the market is expected to move upwards. Overall, the market trend today is leaning towards downward, so the intraday trading suggestion is to focus on short positions.

Action: Short

Bitcoin Rebound: Light position entry in the 99700-90300 range

Take Profit: 98200-95800, with a stop loss of 700 points

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