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Evening Market Analysis
#BTC The overall market dipped this morning, with a low around 89,200. It has since rebounded. The trend for tonight is still uncertain, with a small range high at 90,500 and if it goes up, watch the 91,500 level; the low is at 89,000. If broken, look at the 88,000 level.
Currently, the market is still somewhat weak. If there is no clear direction tonight, all eyes will be on tomorrow's Friday. Tomorrow is quite critical. If Bitcoin can hold around 88,000 after a dip, it might stabilize, and over the weekend, it could continue to consolidate, fluctuating near 90,000. However, next week remains uncertain.
Those who listened to the live broadcast yesterday might have been shorting Bitcoin and Ethereum at high levels. Recently, most who followed this approach have taken quite a few hits.
For those bearish on Bitcoin, you can consider entering in stages around 91,500-92,500, with a stop-loss above 93,500. Short-term shorts can aim for 89,000-88,000 and exit if these levels are reached.