The recent market performance of Bitcoin has been quite bumpy. It hit the 100,000 mark, but regrettably failed and then turned downward, slipping to around 90,000. Yesterday, there were three attempts to break through the 95,000 line upwards, but they failed to achieve an effective breakthrough. The current intraday market is likely to fluctuate widely within the range of 95,500-89,000. In the bull market wave of the currency market, such amplitudes of thousands of points are actually not uncommon. Everyone must adapt to this rhythm of large openings and closings.

From a detailed technical analysis, there is no clear and solid bottoming signal at the daily level, which means that there is still room for retracement in the future. The operation strategy at this stage should be mainly short selling on rallies, focusing on the 95,000 position!

Looking at the hourly trend, the price is currently running along a slowly downward channel and is still limited within the channel range. Various signs show that it is highly likely that it has not yet reached the bottom at this stage, and there may be some twists and turns in the future!

operate

For operations, Ye Wei recommends shorting Bitcoin around 95300.

Target

Around 93000-92000.