Yesterday, the overall trend of Bitcoin was not significant, and the market trading sentiment was relatively dull, with prices fluctuating within a narrow range. As we anticipated yesterday, there was no unexpected breakout in the market, and everything is under control.
From the market perspective, there is still pressure at 90500 above, and multiple attempts to break through have not been successful, indicating that the bears are defending this level very tightly. The current oscillation pattern seems more like it is building momentum for the next directional choice. However, before breaking through key resistance levels, blindly going long clearly has risks greater than rewards. In terms of operations, we still insist on primarily taking short positions, with some low long positions as a supplement.
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Today's public idea sharing
Yesterday, the overall trend of Bitcoin was not significant, and the market trading sentiment was relatively dull, with prices fluctuating within a narrow range. As we anticipated yesterday, there was no unexpected breakout in the market, and everything is under control.
From the market perspective, there is still pressure at 90500 above, and multiple attempts to break through have not been successful, indicating that the bears are defending this level very tightly.
The current oscillation pattern seems more like it is building momentum for the next directional choice. However, before breaking through key resistance levels, blindly going long clearly has risks greater than rewards. In terms of operations, we still insist on primarily taking short positions, with some low long positions as a supplement.
Short near 89500-90500, target 88500-88000.