Yesterday, Bitcoin maintained volatile oscillation opening until the US stock market opened, then surged and pushed higher to 94,400. Subsequently, momentum weakened, the market came under pressure and declined, touching lows near 91,200. Our "long first, short later" strategy executed yesterday has been fully realized as expected.
From the current chart perspective, the daily level has recently maintained range-bound oscillation, with the lower level showing a bottoming formation. Although there has been a pullback to consolidate after the "five consecutive positive days," indicating insufficient momentum to break out of the range, the current decline is relatively shallow and lacks continuity. This suggests that the current pullback is more about accumulating strength and preparing for subsequent breakouts. Therefore, the overall main trading idea remains unchanged: bullish on dips.
Bitcoin pullback support at 92,100-91,300, resistance above at 93,800-94,800. $BTC #比特币六连涨
Yesterday, Bitcoin maintained volatile oscillation opening until the US stock market opened, then surged and pushed higher to 94,400. Subsequently, momentum weakened, the market came under pressure and declined, touching lows near 91,200. Our "long first, short later" strategy executed yesterday has been fully realized as expected.
From the current chart perspective, the daily level has recently maintained range-bound oscillation, with the lower level showing a bottoming formation. Although there has been a pullback to consolidate after the "five consecutive positive days," indicating insufficient momentum to break out of the range, the current decline is relatively shallow and lacks continuity. This suggests that the current pullback is more about accumulating strength and preparing for subsequent breakouts. Therefore, the overall main trading idea remains unchanged: bullish on dips.
Bitcoin pullback support at 92,100-91,300, resistance above at 93,800-94,800. $BTC #比特币六连涨