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$BTC 7.29 AM Boss’s Thoughts
Yesterday didn’t give us an opportunity. Today the overall plan stays the same—continue waiting, waiting for the wind to come.
On the 4-hour timeframe, this rebound after the current sharp drop is only an oversold correction. It has not changed the overall bearish setup. When the price rebounded to around the Bollinger middle band, it was clearly met with selling pressure. It has consistently failed to effectively break through the key resistance level. From a trading perspective, we continue to maintain the high-level shorting bias.
Trading reference: short the 644-648 range (箜). The target remains 630-625.