Please maintain a vacant position! It's worth reading the following paragraph.

Currently, the price of Bitcoin is still hovering in a high range, without any significant pullback. Analyzing the indicators on the daily chart, there is a demand for market correction, and short-term trading may welcome a local pullback. The previous high point above is seen as a key position for consolidation and defense, and those who prefer short-term trading are attempting to capture the opportunity for a retracement through short positions.

At the same time, closely monitor the support of the ascending trend line below, especially around the 88000 price level, as the stability of this support will determine whether the market stabilizes or breaks downwards. Currently, short-term trading is in a stage of correction or consolidation, and trading strategies need to be combined with hourly chart patterns to determine trading ranges, flexibly operating with high short and low long positions, continuing to dominate with a fluctuating mindset. If a break occurs, the trading mindset needs to be adjusted in a timely manner.

From the four-hour chart, the market experienced repeated highs and lows yesterday, but the surge during the closing period was still controlled within the range. Currently, the pressure at the upper track is still obvious, and today's market will continue to pay attention to the 92000 high point. If it cannot be strong, it will become an opportunity to continue to go long. In the face of a volatile market, trading objectives need to be flexibly responded to based on market patterns. The short-term trading mindset in the morning should focus on fluctuations, operating high short and low long around the trading range to avoid risks brought by repeated back-and-forth movements.

Technically, the fluctuations of the past two days have not formed a clear trend. Yesterday, the market once again closed with a candlestick that had small upper and lower shadows, with the price remaining above the daily MA5 moving average. The key short-term support point is at this moving average position, and if it breaks below the daily MA5 moving average, it could trigger a pullback to the 8.7 line. Over the weekend, the price has consistently remained above the MA30 moving average, with this support point located near 90,000. It can serve as a dividing line for short-term long and short positions. If this line is held, the market will continue to fluctuate at high levels; conversely, it may trigger a pullback to the 8.7 line risk.