The market for Bitcoin experienced fluctuations over the weekend, reaching a peak at around 91900 before encountering resistance and falling back. The price is under pressure from strong resistance above, and the upward channel has officially encountered obstacles, leading to a significant weakening of short-term upward momentum.
The price then fell back to around 90,500 for consolidation. Coupled with the uncertainty of weekend news, market sentiment is becoming cautious, and it is expected that the subsequent market will enter a wide fluctuation range.
In terms of operational strategy, it is recommended that investors take short positions based on rebound opportunities, while also ensuring proper risk management and setting reasonable stop-loss and take-profit levels.
Pancake operation suggestion: Short near 90500-90800 Looking down near 88000-88500
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The market for Bitcoin experienced fluctuations over the weekend, reaching a peak at around 91900 before encountering resistance and falling back. The price is under pressure from strong resistance above, and the upward channel has officially encountered obstacles, leading to a significant weakening of short-term upward momentum.
The price then fell back to around 90,500 for consolidation. Coupled with the uncertainty of weekend news, market sentiment is becoming cautious, and it is expected that the subsequent market will enter a wide fluctuation range.
In terms of operational strategy, it is recommended that investors take short positions based on rebound opportunities, while also ensuring proper risk management and setting reasonable stop-loss and take-profit levels.
Pancake operation suggestion: Short near 90500-90800
Looking down near 88000-88500