On Monday, Bitcoin Analysis

The big pie staged a dramatic reversal in the early hours, breaking upwards strongly! In a short time, it rose over 4000 points, breaking through the 90,000 resistance level. The sentiment has significantly warmed up. This wave of increase has broken the previous weak oscillation pattern.

The daily chart shows a bullish candlestick closing, with prices rebounding and breaking through the daily mid-axis resistance, continuing the upward trend. However, the surge after the breakout has not been sustained, and prices encountered resistance and retraced to around 88,900 after reaching the 91,700 level, indicating strong selling pressure in that area. Further rebounds still carry retracement risks, and caution is needed as the market may test support levels again.

Despite a strong rebound during the day, short-term volatility is intense, and the 90,000 level has not yet stabilized completely. The market remains tense, oscillating around the 90,000 range. In terms of operations, it is recommended to adopt a high pie and low bitcoin strategy to respond.

Operational suggestion:

Short the big pie on rebounds at 91,000-91,500, targeting 89,500-88500#BTC走势分析