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Tuesday morning outlook, the rally is just a correction, the trend has not reversed
Last night, driven by US stock market sentiment, the market experienced a sharp surge followed by a rapid decline. Bitcoin quickly surged to around 88,800 but faced resistance and pulled back, with a low around 87,000.
Subsequently, the market entered a phase of bullish and bearish struggle, with prices oscillating and rebounding, currently trading around 88,600.
From the 4-hour structure, after forming a support near 86,000, a rebound occurred, but the momentum of the rebound gradually weakened. The current price is near the midline, and the overall structure remains bearish. The trend has not changed; the rebound is merely a technical correction, not a reversal signal.
In terms of operation, focus on the resistance levels above. After a rebound, the main strategy remains short positions.
Bitcoin reference: consider short positions around 88,700, targeting the 87,000–86,000 area. $BTC #特朗普取消对欧关税威胁 #DOGEETF上市纳斯达克