After the weekend's positive and negative influences, Bitcoin has finally stabilized today. However, the medium-term outlook is still bearish, and the trading strategy remains to short at highs. This morning, the Fibonacci 0.382 level was not broken, which is also the first resistance level that has stabilized. If the support around 104000 does not break, there is hope for a further upward breakthrough. This morning, 105800 was a very good entry point for a short position. I wonder if everyone took advantage of it. Today is the last day of the holiday, and tomorrow the exclusive channel strategy will start to follow up.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin today's market #BTC
After the weekend's positive and negative influences, Bitcoin has finally stabilized today.
However, the medium-term outlook is still bearish, and the trading strategy remains to short at highs.
This morning, the Fibonacci 0.382 level was not broken, which is also the first resistance level that has stabilized. If the support around 104000 does not break, there is hope for a further upward breakthrough.
This morning, 105800 was a very good entry point for a short position. I wonder if everyone took advantage of it.
Today is the last day of the holiday, and tomorrow the exclusive channel strategy will start to follow up.