Monday morning thoughts, the rebound is not a reversal, short first during the day.



A new week, a new beginning, new hope, new vitality, new opportunities, good morning, wishing everyone good luck!

The weekend was primarily characterized by fluctuations and adjustments, until yesterday afternoon when the market gradually warmed up, pushing the price of Bitcoin above 109,000 in one go. The trend is consistent with our strategy of shorting first and then going long. Currently, Bitcoin is fluctuating around 108,800.

Looking at the 4-hour chart, the Bollinger Bands maintain a downward channel unchanged, with a series of small upward movements encountering resistance at the upper band and coming to a halt. The short-term rebound has not broken through the key resistance, so this rebound is merely a corrective action after the decline, not a reversal. The market will focus on the 110,000 level for resistance; if it cannot effectively break this level, the market will still be bearish.

In the morning, Bitcoin reference is around 109000, with a short position near 109600, and pay attention to the range of 107000-106000 below.
BTC2.19%
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OdellPumpBananavip
· 10-20 00:44
subscription
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Elvaavip
· 10-20 00:24
Hold on tight, we're about to da moon 🛫
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