During the New Year's Day holiday, Bitcoin rose over 3,000 points northward, a trend that fully aligns with previous expectations. The rebound last night has sparked some bullish fantasies among traders, and the bullish sentiment within the market has not yet fully dissipated. However, the short-term pullback being relatively mild is part of the normal market rhythm.
From a technical perspective, resistance levels above are significantly suppressing upward movement, and the bearish downtrend has a clear directional indication. Today's trading strategy remains focused on shorting at high points.
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Bitcoin's Morning Market Analysis on January 3rd
During the New Year's Day holiday, Bitcoin rose over 3,000 points northward, a trend that fully aligns with previous expectations. The rebound last night has sparked some bullish fantasies among traders, and the bullish sentiment within the market has not yet fully dissipated. However, the short-term pullback being relatively mild is part of the normal market rhythm.
From a technical perspective, resistance levels above are significantly suppressing upward movement, and the bearish downtrend has a clear directional indication. Today's trading strategy remains focused on shorting at high points.
It is recommended to consider short positions around 90,500-91,500.
Targeting the 88,000-89,000 range.
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