On Tuesday morning, Bitcoin's surge yesterday could not continue upward, reaching a peak in the 99000 area before stopping and subsequently undergoing a pullback adjustment. Technically, the structure is in a continued downward trend, with volume rebounding, but none has firmly established a baseline, showing relatively weak performance. The daily line again closed in the red and is continuously breaking support. In the early morning, it fell to a low of 93500, showing some buying action at support, but although there is slight benefit, it ultimately is insufficient to counter the overall market trend.
Currently, the market is completely under the control of bears. To change the weak trend, there are several key factors: a rapid price surge above the trend line to form a false breakout structure or a significant decline on the daily line with a long tail. If the downward trend continues, we need to see the daily line form a bottom oscillation and accumulation structure; currently, none of these conditions have been met, so we remain in a downward trend. Therefore, moving forward, we will primarily follow the rhythm led by the market.
Short-term BTC operation in the morning: rebound in the 93500-94000 area, target looking at 92000, 90000.
The situation is considerable, winning streak continues, if unsure about bullish or bearish, stick to the strategy, and move forward together! Let's create brilliance again! #比特币关键区间 #PCE与美联储纪要公布在即 #NOT市场动态