1.9 The bears are once again strongly testing the bottom, how to grasp today

In the early morning, Bitcoin dropped again to test the bottom, reaching a low of 92500/3200. Fortunately, we managed to exit at breakeven on the last trade; otherwise, we would have faced a stop loss!

On the four-hour chart, the pressure zone above is at the previously formed level of 96600, which is also a key resistance area formed recently and in the past. The key support below is the low point of yesterday's retracement at 42, which is also a watershed position in the short term. If there is a rebound and a breakthrough at this position, the bearish trend may possibly come to an end. There is a lot of data support in the near term, especially with the non-farm payroll data coming out this week, so a significant breakthrough could potentially wait for Friday's non-farm report.

Today, maintain a low long strategy with a defense at 93500/3250, targeting 96500/3360 from a position of 94300/3280.

High short position given at current price!

The above strategy is for reference only!