Hello brothers, today we will briefly analyze the Bitcoin market. It is the weekend these two days, and today the fluctuation of Bitcoin is not large. The rebound since six o'clock this morning is less than one point. After these days of Bitcoin's market, I actually mentioned on the 10th that it would oscillate within such a range. At that time, I advised small cycle operations to rebound around 95000-96000 and short around 98000. In these days, we can make two or three waves of the market.
From a technical perspective, this 95000-98000 range has basically formed, and it has been almost 10 days without significant fluctuations. Today's market is somewhat similar to the patterns on the 10th and 11th, and the small cycle is currently making the third attempt to break through 98000 in the short term. There has been no significant volume, and the rebound is weak. You can try to go short around 99000 and 98000. In the short term, the small cycle operations will still maintain the range operation, given the long period without fluctuations, and the recent ETF has seen net outflows, it is expected to retest again. Positions around 95000, 92000, and 87000 can be set to see if we can catch a spike.