BTC morning analysis

The current daily trend of Bitcoin appears to be stagnant, and the high-level breakthrough of 97,000 failed, and the market sentiment turned to decline. The market is like a roller coaster, up and down, but the K-line closed with a strong sign, which indicates that the short-selling force is still continuing.

On the four-hour structure chart, the Kdj three lines have turned downward. The current high-level shock appears weak and powerless. Although there has been a short-term rebound, it is ultimately difficult to stop the torrent of decline. Therefore, we need to remain vigilant in operation, continue to pay attention to the decline of the market, and do not blindly chase highs. The short-selling trend may continue. The market is unpredictable, so be cautious!

Operation suggestions

Short Bitcoin in the range of 96200-97200, target 94800-93000

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