As we approach Friday again, the market is either a brewing storm or continues to test patience. Let the market give the answer. Wishing everyone smooth sailing.
In recent days, overall sentiment has continued to weaken, with Bitcoin's trend clearly leaning bearish. Prices have repeatedly broken through key support levels, with a recent low of around 89,200. My outlook remains consistent: follow the bearish trend, go short, and profits will naturally follow.
Although there was a technical rebound overnight, it was quickly halted around 91,500, with rebound momentum clearly lacking. The bulls are losing steam. From the market structure perspective, whether on a long-term or short-term basis, the bears still dominate the rhythm. No effective signs of stabilization or reversal have appeared yet, so following the trend remains the main approach.
For early trading, focus on the resistance around 91,500–92,000. Continue to position for shorts within this range, with targets below around 89,000–88,000.
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Friday Morning Bitcoin Market Outlook
As we approach Friday again, the market is either a brewing storm or continues to test patience. Let the market give the answer. Wishing everyone smooth sailing.
In recent days, overall sentiment has continued to weaken, with Bitcoin's trend clearly leaning bearish. Prices have repeatedly broken through key support levels, with a recent low of around 89,200. My outlook remains consistent: follow the bearish trend, go short, and profits will naturally follow.
Although there was a technical rebound overnight, it was quickly halted around 91,500, with rebound momentum clearly lacking. The bulls are losing steam. From the market structure perspective, whether on a long-term or short-term basis, the bears still dominate the rhythm. No effective signs of stabilization or reversal have appeared yet, so following the trend remains the main approach.
For early trading, focus on the resistance around 91,500–92,000. Continue to position for shorts within this range, with targets below around 89,000–88,000.