#以太坊大户持仓变化 Bitcoin rebounded from lows to around 91,600 but then faced resistance. This wave of gains seems more like a mechanical rebound after being oversold, and it doesn't indicate any trend reversal.
There are several obvious issues in the market— the rebound lacks volume support, and the upward movement is lacking sustainability. The bulls have indeed been somewhat weak during this period. Looking at different timeframes, whether long-term or short-term, the bears are firmly in control, and we haven't seen any real sign of a trend reversal yet.
Since the trend hasn't changed, there's no need to adjust the trading strategy: the rebound phase is actually a good entry point for short positions. You can rely on the resistance zone around 91,500-92,000 to maintain a bearish approach, then patiently wait for the price to further decline. The target can be set around the 90,000-88,000 range. $BTC
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#以太坊大户持仓变化 Bitcoin rebounded from lows to around 91,600 but then faced resistance. This wave of gains seems more like a mechanical rebound after being oversold, and it doesn't indicate any trend reversal.
There are several obvious issues in the market— the rebound lacks volume support, and the upward movement is lacking sustainability. The bulls have indeed been somewhat weak during this period. Looking at different timeframes, whether long-term or short-term, the bears are firmly in control, and we haven't seen any real sign of a trend reversal yet.
Since the trend hasn't changed, there's no need to adjust the trading strategy: the rebound phase is actually a good entry point for short positions. You can rely on the resistance zone around 91,500-92,000 to maintain a bearish approach, then patiently wait for the price to further decline. The target can be set around the 90,000-88,000 range. $BTC