1.6 Bitcoin Trend Analysis

From the 4H level, the rebound is basically about to end. A platform will be built around 99000 to unload, and then it will decline. After hitting the previous day's 98949, we can start to layout short positions when testing 99700 at our location.

As shown in the figure, Bitcoin has been in a box structure after coming down from 100000. It is currently at the upper corner of the box and has the potential for a breakout. At the same time, considering the liquidation, there are many high leverage positions above 100000. With 100000 as a threshold, there are quite a few spot profit-taking and retail short positions. It is very likely to break through quickly to trigger losses and then pull back. The defense points need to be carefully considered, while also paying attention to the resistance around 102600. Before Trump's presidency, I mainly focused on high short positions, only paving the way in the previous half month, lowering prices, so that greater momentum could erupt before the inauguration. $BTC