Intraday Volatility Pattern, What Should Be Done?

The intraday market remains in a narrow range of fluctuations, with prices repeatedly testing the resistance at 78,000 but failing to break through effectively and sustain gains. The market remains dominated by bears. From a wave theory perspective, the current trend is still in a downward structure. Until clear signals of a bottoming and stabilization appear, it is not recommended to blindly buy on the left side.

Based on the analysis of the market trend, although the short-term trend has technical rebound momentum and is likely to test key resistance zones upward, this round is only a technical correction within a downtrend. After the rebound completes and the resistance levels are verified, there is still a possibility for the market to return to the downward channel. The overall bearish pattern has not fundamentally changed.

Adding to this, tonight Wosh officially takes over the position, with its consistent hawkish monetary policy stance, reinforcing market expectations that the Federal Reserve will maintain a tight policy, further suppressing bullish sentiment in cryptocurrencies and exerting a negative impact on the market. Currently, the core momentum remains in the hands of the bears. It is recommended to operate mainly by shorting on rallies.

Bitcoin can be shorted around 77,800-78,300, with the first target at 77,000. If it breaks below effectively, continue to look for a move toward 76,500-76,000. #TradFi交易分享挑战 $BTC