US stocks opened strongly and filled the previous large gap. The Bitcoin price has barely moved, starting a mode of following the decline without following the rise.
The intraday market is relatively boring. Consistent with previous expectations.
Weak low-level oscillation, showing signs of imminent collapse. The funding rate reflects that everyone is talking bearish, but in reality, they are secretly going long.
The main forces see the car so heavy, so there is motivation to do some tricks.
Recently, it is recommended to reduce trading frequency. Observe more and act less. Patiently await the long bottoming process.
The trading plan is to make a range oscillation by shorting against the pressure around 92,000 on the rebound.
Upper pressure: 90500/92500/94400
Lower support: 88020/86600/85300
Intraday bullish rebound is weak. In the short term, besides this position where the bullish stop-loss has a small risk-reward ratio, the logic for going long is not sufficient, especially in a market with poor liquidity and without strong price performance.
So for left-side low buys, try to take profits quickly.
Subsequently, follow the weak fluctuations of Bitcoin, especially during the weekend, treat it according to the range fluctuation logic, high short and low long.
Upper pressure: 3080/3196/3229
Lower support: 2908/2880/2781
Weak consolidation around 128.
The rebound back to 133-135 shows obvious selling pressure. Until a strong bottom structure emerges, we will temporarily treat it with a bearish outlook on the rebound.
The consolidation structure is unclear, and the logic and conditions for going long are insufficient. No need for a pattern with left-side buys.
Upper pressure: 135/138/141
Lower support: 124/121/117