Bitcoin is trading weakly near 887, with a clear short-term bearish outlook.
The market performance yesterday was indeed lagging, with significant pressure after the rebound reached 90599. The short position taken during the day was directly stopped out, but fortunately, there was another rebound opportunity in the evening session. During the early hours, it dipped to around 878 before rebounding, and it is currently back at the 888 level.
From a short-term perspective, I tend to lean towards the continuation of the bearish trend. On the daily chart, I suggest a more aggressive strategy - the short positions established at a high level yesterday can continue to be held, and those who have not entered can open a short position with a small amount at the current price, controlling the risk well.
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Bitcoin is trading weakly near 887, with a clear short-term bearish outlook.
The market performance yesterday was indeed lagging, with significant pressure after the rebound reached 90599. The short position taken during the day was directly stopped out, but fortunately, there was another rebound opportunity in the evening session. During the early hours, it dipped to around 878 before rebounding, and it is currently back at the 888 level.
From a short-term perspective, I tend to lean towards the continuation of the bearish trend. On the daily chart, I suggest a more aggressive strategy - the short positions established at a high level yesterday can continue to be held, and those who have not entered can open a short position with a small amount at the current price, controlling the risk well.