$BTC Thursday, Bitcoin midday market analysis!
In the morning, Bitcoin did not show a strong unilateral rise overall; the rhythm is still developing around signs of upward correction! The pace is relatively slow.
At this stage, in terms of rhythm, from a technical structure perspective, on the four-hour level, Bitcoin's upward correction has successfully reached the upper band of the small cycle area. Although there was a piercing breakout above the upper band, the price is obviously still under pressure from above, causing a pullback! On the short-term level, the price is slowly moving upward, closely following the upper band. As the bullish volume gradually decreases, the subsequent rhythm will still likely see a significant retracement!
In the afternoon, the operational strategy for Bitcoin should focus on high-altitude participation. Short Bitcoin in the 96000-95800 area, targeting 94500-93500!
