BTC Market Notes

🍵

Overall, I still lean towards a bearish view on this rebound, more like a 'flash of light' during a downward trend, not a new surge taking off.

🔭

12h:

The price is still in the upper part after the previous round of significant decline, with a pile of resistance around 98,000–100,000, the moving averages acting like a thick ceiling. It feels more like a 'retracement' allowed by bears, not a bull market.

⏱

4h:

After pulling up from 80,000, there have been continuous upper shadows around 93,000, with increased volume not following, indicators are becoming dull at high levels, the rhythm is — unable to push up, only sideways grinding, both bulls and bears are being shaken back and forth.

🕒

1h:

The short-term range is roughly 89,000–94,000, unable to rise from above, while there are buyers below, the main theme is to high sell and low buy within the range. In this position, chasing bulls or bears is not favorable, it's suitable to brew a cup of tea and watch the performance slowly unfold.

😌

On my personal side:

👉

I only maintain a light position of 0.66x short in the market, not going all in or doing a smash, watching the market while drinking tea, waiting for it to speak for itself.