Bitcoin short-term morning analysis (long position strategy)

Entry: Go long around 60300-60500
Target zone: Target (1) 60800-61000 (first reduce position and take profit)
Target (2) 61400-61800 (after breaking short-term resistance, remaining position to gamble)
Stop loss: 59900
II. Market Logic Interpretation
Trend structure: After the market dipped to a low of 59102.70, it rebounded for repair; selling pressure at lows has been fully released, short-term downward momentum exhausted; price retraced to the support zone between the lower and middle Bollinger Bands, buying support continues to appear underneath, bears are temporarily unable to make new lows.
Support and Resistance: There is some selling pressure at the short-term resistance of 61000 above, but it is difficult to reverse the short-term repair of the bullish rhythm; indicators show signs of bottom divergence repair, and there is room for the short-term rebound to materialize.
Operation strategy: Based on the support below, go long on pullbacks, betting on the repair rebound after oversold conditions.
III. Market Risk Warning
This rebound is only a phased repair after a sharp decline; the daily larger cycle is still in a bearish trend. Short-term long positions must strictly carry a stop loss. If it breaks below the previous low of 59102 again, the rebound structure will be invalid, avoiding deep losses.
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