Analysis of Monday's Bitcoin Strategy, rebound limited, short in the day

With the weekend coming to an end, Bitcoin fell last night and then rose above 91700 in the early morning, followed by another drop and rebound, currently oscillating around 91000.

From the 4-hour chart, Bitcoin is moving within the mid-band area, and the previous consolidation action has not extended further, so overall it is still in a bearish trend. The temporary rebound is just a correction after the decline and does not indicate a structural reversal. Currently, the Bollinger Bands maintain a downward channel, so the strategy is to short at highs.

Recommendation: Short any position above 91500, looking down to the 88000-87000 range. If it reaches near the target and does not continue, it can be reversed to long. $BTC $ETH #美SEC推动加密创新监管