Good afternoon, friends! Let me briefly talk about today's thoughts and opinions.
Let's review the market trend:
Yesterday morning continued the overnight movement, rising above 980. In the afternoon, there was a pullback to a low of 948. After the US market opened, it rebounded to above 974. However, due to the influence of the US government selling, it dropped down to 944. This morning, it rose above 960 and is currently maintaining a high-level oscillation around 955.
In terms of the current market trend, we have returned to the annoying rhythm of oscillation. There is no continuation for both long and short positions; it rises and then falls, dips and then rises. Of course, for beginners, this rhythm is quite enjoyable because if you make a wrong direction, you can still hold on.
Since it's oscillating, in the short term, both long and short positions have opportunities; it’s just about choosing the entry points. The trend lines are clear here: short-term resistance is at 971-975 above, and strong support is at 947 below. It’s not difficult to execute within this range.
Today, consider entering at 950-952 below, with a stop at 945, aiming for 968-972. In the evening, I’ll still be live at 10 PM. If you like it, please follow and give a thumbs up. Let's discuss and communicate in the live chat: $BTC .