1/7 Bitcoin Strategy and Market Analysis. It is difficult to drop below 100,000 again in a short time after returning above this level. Those who are stuck in short positions below should reduce their positions.

Yesterday, Bitcoin surged to touch the 102,800 level, and the high short strategy proposed in the early morning perfectly aligned with the market, resulting in over 1,000 points of profit. Those who followed should pay attention to reducing positions.

In the short term, we can see that the daily line is in a pullback trend, with 101,500 as short-term support. If it breaks, it could reach around 100,600, but it is currently in a strong bullish trend. Therefore, on the Silk Road, low long positions are dominant. It is recommended to enter long positions in the 100,500/100,800 range with targets of 102,500/104,000.

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