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Bitcoin's strong breakout past 93,000 is no joke. These past couple of days, I've been immersed in chart analysis and spot trading. I'll summarize the specific gains later.
From a technical perspective, Ethereum's KDJ has already formed a death cross at high levels in the past two days, which is a typical overbought pullback signal. But a closer look at the daily chart shows that market sentiment is still present, and the overall structure remains in a oscillating upward trend.
The current trading approach is quite clear—mainly testing short positions. My strategy is as follows: start with light short positions to control risk, leaving room for adding positions, with an entry average around 93,000. Short-term traders can look for retracements of 1000 to 2000 points; for medium to long-term friends, it's better to wait patiently until below the 90,000 level before taking action.
The most important advice is—be sure to manage your positions carefully, this is really key.
Specifically, it is reasonable to be bearish on Bitcoin in the 93,000 to 93,500 range, with the first target at 91,000.