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Saturday morning thoughts, limited fluctuation, buy low, sell high
Time flies and it's Saturday again, wishing everyone a happy weekend!
Recently, the bears have been the focus of the market, and all rebounds are brewing for lower positions. Currently, Bitcoin has dropped below 94,000, with a decline of nearly 10,000 points in just two days. If you don't understand how to go with the trend, then you will only end up getting hit!
Although it is the weekend today, the short positions in the short term are still performing actively, with a tendency for further downward continuation. Currently, the main structure is running in a bearish trend, and all indicators are showing a weak form. However, considering it is the weekend, we will not look at a one-sided trend; instead, we will treat it as a range for the day.
The intraday Bitcoin reference is 95000, with short positions near 95500, looking down to around 93500. If broken, continue looking down; if not broken, hold onto longs.