Bitcoin short-term morning analysis (long/short strategy)

Entry: buy on pullback near 59900
Target range: Target (1) 60300–60600 (first reduce position and take profit)
Target (2) 60700–61000 (after breaking short-term resistance, remaining positions for upside play)
Stop loss: 59500
II. Market logic interpretation
Trend structure: After the price dipped, it formed a short-term stabilization and recovery, low-level selling pressure has been fully released, short-term downward momentum exhausted; price retraced to the Bollinger lower band support zone, buying support at lower levels continues to appear, bears are temporarily unable to make a new low below 58900.
Support and resistance: There is some selling pressure at the short-term resistance of 60300 above, but it is difficult to reverse the short-term recovery bullish rhythm; indicators show oversold recovery demand, and there is room for a short-term rebound.
Operation idea: During the day, rely on the support below to buy on pullback, betting on the recovery rebound after the correction.
III. Market risk warning
This rebound is only a phased recovery after a spike and drop. The large-level resistance above is heavy. Short-term long/short positions must strictly carry stop loss. If it breaks below the previous low of 58900 again, the rebound structure will be invalid. Avoid deep entrapment. #BTC