Bitcoin (BTC) shows signs of an arc bottom on the daily chart. The consecutive 5 bullish candles have indeed boosted the confidence of the bulls. But remember—how did the previous rally come about, and how was it crushed at midnight? The repeated tug-of-war between bulls and bears is a classic shakeout pattern.
In the early session, the price rebounded to around 93,500. This level has been tested multiple times and is a tough resistance zone. Several attempts to break through have failed, indicating significant sell pressure above. The technical indicators also show some congestion: MA7 and MA30 have already crossed downward, and the short-term trend remains under pressure; during the rebound, trading volume hasn't increased, and as the price moves up, volume fails to keep pace—this divergence between volume and price is prone to sudden reversals; plus, BTC is currently at a high level, with floating profits stacking up, and any slight disturbance could trigger a sell-off.
The current rebound is more of an opportunity for bears to enter rather than the start of a new rally. Before real capital enters the market, don’t let emotions lead you into reckless trades—be cautious; it’s worth it.
Bitcoin suggestion: Short around 93,000-93,600, with a target of 92,000-91,000 if broken below. $BNB
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#数字资产动态追踪 1.7 Market Analysis:
Bitcoin (BTC) shows signs of an arc bottom on the daily chart. The consecutive 5 bullish candles have indeed boosted the confidence of the bulls. But remember—how did the previous rally come about, and how was it crushed at midnight? The repeated tug-of-war between bulls and bears is a classic shakeout pattern.
In the early session, the price rebounded to around 93,500. This level has been tested multiple times and is a tough resistance zone. Several attempts to break through have failed, indicating significant sell pressure above. The technical indicators also show some congestion: MA7 and MA30 have already crossed downward, and the short-term trend remains under pressure; during the rebound, trading volume hasn't increased, and as the price moves up, volume fails to keep pace—this divergence between volume and price is prone to sudden reversals; plus, BTC is currently at a high level, with floating profits stacking up, and any slight disturbance could trigger a sell-off.
The current rebound is more of an opportunity for bears to enter rather than the start of a new rally. Before real capital enters the market, don’t let emotions lead you into reckless trades—be cautious; it’s worth it.
Bitcoin suggestion: Short around 93,000-93,600, with a target of 92,000-91,000 if broken below. $BNB