Today’s Short-term Market Analysis

Currently, $BTC has already shown a significant increase in volume on the daily chart, and the weekly chart also displays a large bullish candle with increased volume, which must be taken seriously. The key point is how this week closes.
If this week ultimately closes with a large bullish candle with increased volume, it indicates that the bullish momentum is still ongoing, and there is a high probability of further upward movement; but if it only forms a small bullish candle, or even a bearish candle, it can be confirmed that this is just a rebound correction, and the market will revert to the downward trend on the daily chart.
Structurally, the daily chart clearly shows a correction after a decline. The most likely point for this correction to end is near the 0.382 Fibonacci retracement level of the previous decline, which corresponds to a price around 98,000. This level requires close attention to the risk of trend continuation downward.
Therefore, trading decisions should clearly distinguish the current state:
For those without positions, it’s not recommended to blindly chase long at this level;
For those already holding long positions, it’s advisable to reduce large holdings or take profits directly, as a 5000-point move is already a substantial gain, and there’s no need to be greedy.
Today’s overall approach remains cautious and observant.
Unless a clear reversal pattern appears on the chart, it’s better to watch more and trade less, which aligns with the current environment. It’s most likely a correction phase, so patience is needed until the market provides a clearer signal.