1.13 Tuesday Bitcoin Morning Outlook: Volatility Continues, Sell on Rises and Buy on Dips

A new week is here, and it's a fresh start. Wishing all friends good luck!

Yesterday, the market experienced little fluctuation, with a tug-of-war between bulls and bears, and a predominantly sideways sentiment. Such a trend is nothing new to us. As long as we have enough patience, we can still enjoy gains and profits. Yesterday, we shorted during the rebound and ultimately secured good dividends.

Looking at the chart, Bitcoin briefly touched the 90,000 level yesterday and then rebounded to around 92,200 before facing resistance and pulling back. Currently, it is oscillating around 91,200. In the short term, it is moving within a range. However, as the rebound highs decline, the overall sentiment remains bearish. Intraday, it is recommended to watch for pullbacks, and buy after support is confirmed.

In the morning, consider shorting Bitcoin around 91,500 to 92,000, with targets of 90,000-89,000. If the target is reached, do not reverse to long positions.