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1.7 Morning Bitcoin Roadmap
From a technical analysis perspective, the short-term trend has shown signs of being bullish, but a clear strong resistance zone has formed above, and multiple rebounds have failed to break through the key resistance level effectively. The overall trend is stuck in a high-level tug-of-war.
Until the key support and resistance levels are effectively broken, the market does not currently have the conditions for a unilateral trend to start. Considering that the current price is in a high zone, it is most likely to test the support strength below first.
Today's trading strategy is mainly to short on rebounds.
Bitcoin is recommended to consider short positions around 94500-95500
Target to look down to around 91000-90000
$BTC $ETH $XRP
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