Opinion: Bearish. The upward move is a temporary rebound. Currently, the price is around 8.9800. Since the sharp decline on Friday, there has been little fluctuation on Saturday and Sunday, and in the latter half of yesterday night, there was a small rebound. I said, this is a small rebound. I have mentioned this multiple times before, After a decline, there's inevitably a rebound. 9.0300 is today's critical point between bulls and bears. Even if the upward move surpasses 903-905, it doesn't indicate a trend reversal, especially during the US trading session. It only shows trading activity. A move upward with volume is needed, breaking and holding above 905, then pushing towards 9.15. At the same time, at least one day of consolidation is required for the correction to be considered complete. Otherwise, it might just be a false rally, followed by a continued decline. Today's strategy: During the US session, the price will either drop directly at the open or pull back after a rally. If trading intraday, focus on 903-905. If it pushes up without volume, a quick drop is expected to continue our third wave of bear market.
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12.15 Monday BTC Evening:
Opinion: Bearish. The upward move is a temporary rebound.
Currently, the price is around 8.9800. Since the sharp decline on Friday, there has been little fluctuation on Saturday and Sunday,
and in the latter half of yesterday night, there was a small rebound.
I said, this is a small rebound. I have mentioned this multiple times before,
After a decline, there's inevitably a rebound.
9.0300 is today's critical point between bulls and bears.
Even if the upward move surpasses 903-905, it doesn't indicate a trend reversal, especially during the US trading session. It only shows trading activity.
A move upward with volume is needed, breaking and holding above 905, then pushing towards 9.15. At the same time, at least one day of consolidation is required for the correction to be considered complete.
Otherwise, it might just be a false rally, followed by a continued decline.
Today's strategy:
During the US session, the price will either drop directly at the open or pull back after a rally.
If trading intraday, focus on 903-905. If it pushes up without volume, a quick drop is expected to continue our third wave of bear market.