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Weak oscillation, waiting for the bottom to be touched. Good morning brothers, after a short dip yesterday, I continued to consolidate and took some profit in the range. Currently, the rebound is still quite weak. The yellow hair is due to increased tariffs restricting European countries because of Greenland's increased usage. Coinciding with the rebound cycle and encountering top resistance, it couldn't break through, so this wave of retracement occurred.
At present, the support around 91000 and 3160 remains somewhat strong. It will be tested here. The resistance above is around 93000 and 3230. Going straight up from here will be difficult. Therefore, our trading approach continues with the rebound consolidation idea, focusing on bottom support. Near 91000/3160, we can take short positions if a structure forms.
93000 short, 94000 add to short, watch 91000-90500 for defense, above 94500.
3200-20 short, around 3250 add to short, watch 3160, with strong momentum, look at 3100 for defense, above 3260.
If the level around 91000 or 3120 breaks without momentum or forms a structure, you can go directly long. This wave of rebound trend is not over yet. If Bitcoin breaks 9W and 3090, and cannot recover above, it indicates the trend is complete. Currently, the retracement is nearing its end. Do not overreact in intraday trading.