BTC Short-Term Trading Strategy Analysis: After a Surge, a Pullback; Bears Have Taken Control of the Short-Term Situation, Rebounds Encounter Resistance and Consider Shorting

Yesterday, the BTC price surged to the key resistance level of 90300, then quickly turned down, rapidly falling to around 85000 before stabilizing, and then started to rebound. The current price is fluctuating around 86000. From the combination of price and trading volume, when the price surged, the trading volume did not keep up, showing a clear divergence between price and volume, indicating that the strength of the rebound is already insufficient, and bears have gained the upper hand in the short term.

Unless there is particularly good news to boost market sentiment, the price is likely to continue to decline and test the support area below.

My trading advice is to short in batches within the range of 86800 to 87500. The first target is to look for the range of 85000 to 84000. If the support in this range is effectively broken, and the trading volume also increases with the decline, then we can continue to look down, targeting around 83000.

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