Thursday Morning Outlook: Heavy Resistance Above, Short Positions First
Market often provides answers during quiet nights, but not every time do you have the energy to see it through. Overnight, Bitcoin repeatedly rebounded but remained stuck around 90,500. Support was found twice near 88,800, with the price oscillating within this range, and short-term volatility remains limited. Yesterday, multiple signals suggested short positions above 90,000, which successfully played out with over a thousand points of profit, maintaining the current rhythm.
Currently, the price has returned to around 88,
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