Tuesday Morning Analysis and Trading Suggestions

In last night's trading record, it was written that as long as the price does not break below the 92300 line, we will first look for a rebound, targeting the 95000 line. As expected, the lowest price last night retraced to the 92500 line, and the highest rebound reached 95000. If you followed along, you made a profit!

In terms of intraday market conditions, the short-term trend still leans towards 🈳, and Bitcoin's market share has started to decline, leading the price to gradually move lower! In terms of operations, we still primarily follow the bearish trend, with the overnight rebound high at the 95500 line serving as a resistance level, and 96500 as a defense level. We are looking to short with a target of 93000, and if it breaks below, we will continue to look towards 91000!

The decline in Bitcoin's market share indicates that altcoins are stirring! In the next few days, pay more attention to SOL, DOGE, ENA, AAVE, especially the entire DeFi sector! If the opportunity is right, it’s time to act!