Last night, Bitcoin surged to around 97100 and then started to pull back, finally closing at the 95000 level. It seems that the bulls' momentum is almost exhausted, and in the short term, the bears are clearly in the lead.



However, what's interesting about this market is that the resistance above is quite strong, while the support below is also quite solid. So, there are no very clear bullish or bearish signals at the moment, and the market feels a bit stuck in the middle.

Based on this assessment, today's strategy is mainly to short on rebounds. How exactly to operate?

**Bitcoin Trading Suggestions:**
- Consider short positions when rebounding to the 96500 to 97500 range
- Target levels are around 94000 to 93000

Of course, if the market suddenly provides clear signals, the strategy should be adjusted accordingly. Right now, we're just waiting for the market to reveal its true intentions.
BTC-3.42%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned