Today the US stock market is closed, and the strong rebound in the morning market was indeed unexpected. Even for those of us who are firmly bullish, we would never chase rising prices at high levels in actual trading. I believe many frens missed out on this wave of market.
Currently, the rebound of BTC is facing resistance at the 91800 level, followed by a narrow adjustment. Although the short-term trend is relatively strong, our consistent principle is not to chase rising prices at high levels. Therefore, in the afternoon, we will continue to stick to the strategy of shorting at high levels.
It is recommended to gradually place short positions in the range of 91500-92000, with the first target at the 90000 level. If it breaks down, then look down at 88000; if it fails to break below 90000, consider reversing to long.
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Today the US stock market is closed, and the strong rebound in the morning market was indeed unexpected. Even for those of us who are firmly bullish, we would never chase rising prices at high levels in actual trading. I believe many frens missed out on this wave of market.
Currently, the rebound of BTC is facing resistance at the 91800 level, followed by a narrow adjustment. Although the short-term trend is relatively strong, our consistent principle is not to chase rising prices at high levels. Therefore, in the afternoon, we will continue to stick to the strategy of shorting at high levels.
It is recommended to gradually place short positions in the range of 91500-92000, with the first target at the 90000 level. If it breaks down, then look down at 88000; if it fails to break below 90000, consider reversing to long.