Thursday summary, day trading mainly short positions, today’s short selling is targeted. The past 24 hours show that short positions were liquidated at 140 million USD, long positions at 69.35 million USD, with over 76,000 people liquidated! Evening public reminder at 96800, after gaining 800 points, the price rose all the way, reaching the 97822 level. From the current market situation, bulls are indeed relatively strong, but currently facing the daily middle track resistance at 98000, short-term pressure testing sentiment is still present. Therefore, in terms of short-term operations, we need to assess the situation and avoid chasing highs and cutting lows. When reaching a certain rhythm point, we must pay special attention to reversing direction; in a volatile market, focus on support testing and position adjustment.
From a short-term structural perspective, we cannot view bullishness with a dual approach today, adhering to the principle of no rebound without a break. The upper pressure is at 98000; if it doesn't break here and fails to stabilize, we won't chase the rise. The market has already pulled back again, and continuation at midnight is key; if it can't rise, it is still a technical inflection point. Support is at 95800, this point should be tested. In terms of operations, it is recommended to focus on short positions first, and consider arranging a short long after testing support.
Midnight BTC short-term operation: rebound in the 97500-98000 area, target looking at 95800-94500.
The situation is very large, the winning streak continues, if you can't gauge long or short positions, stick to your strategy and move forward together! Create brilliance again!
