The current market trend is quite clear; the overall trend is still dominated by bears. Occasional rebounds occur during trading, but each rally appears to lack momentum, with limited upward strength, weak trading volume, and a noticeably weak overall rhythm. Essentially, it is a slow decline within a consolidation range, representing a gradual downward movement in a weak market, not a reversal led by bulls. Therefore, the trading strategy does not need to be adjusted and should not be changed easily. Every rebound is a good opportunity to strategically open short positions.
Bitcoin suggestion: around 68700-69200 for short, with a target of 67700-66500.
Support: around 2010-2040 for short, with a target of 1950-1850.
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QianYutong
· 13h ago
Good luck and prosperity 🧧
View OriginalReply0
QianYutong
· 13h ago
Wishing you great wealth in the Year of the Horse 🐴
3.4 Bitcoin Market Analysis
The current market trend is quite clear; the overall trend is still dominated by bears.
Occasional rebounds occur during trading, but each rally appears to lack momentum, with limited upward strength, weak trading volume, and a noticeably weak overall rhythm.
Essentially, it is a slow decline within a consolidation range, representing a gradual downward movement in a weak market, not a reversal led by bulls.
Therefore, the trading strategy does not need to be adjusted and should not be changed easily. Every rebound is a good opportunity to strategically open short positions.
Bitcoin suggestion: around 68700-69200 for short, with a target of 67700-66500.
Support: around 2010-2040 for short, with a target of 1950-1850.