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$BTC Last night, market volatility intensified. Compared to the weekend's sideways movement, the battle between bulls and bears was fierce. The price dipped below 59000, then quickly rebounded and stabilized at 60000. After the US session, it traded in a narrow range at highs.
Yesterday, I remained bearish throughout. Both short positions hit take-profit. The strategy was public, and the market judgment was accurate.
Although the 4-hour candle closed bullish and stood above the middle of the moving average, it pulled back upon touching the upper band. The long upper shadow indicates weak upward momentum. Overall, it is oscillating and bottoming at the lows.
On the hourly chart, bullish buying momentum continues to decline. The market is under pressure and weakening. A reversal is unlikely in the short term. Operations should focus on shorting at highs.
Operation: Short at 60500-61000, target 58500
$BTC