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 88,800 for consolidation. From the market structure, resistance above is still evident, with no effective breakout, making it difficult to open up space. In the short term, flexible long positions on dips are possible, but the overall trend remains bearish.

On the four-hour chart, Bitcoin has shown some recovery, but the rebound is clearly hindered by the upper band, lacking continuity, mostly representing a correction within consolidation. Therefore, the morning strategy remains unchanged: continue to treat it as a high-level short.

Trading reference: Consider short positions around 89,000, targeting around 87,500. $BTC ‌#加密市场观察 #美联储利率决议临近