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In yesterday's midday strategy, a short suggestion was given, and the Bitcoin market has perfectly fulfilled that prediction. Near midnight, it reached our ideal level around 88,500, and the "mistress" (a nickname for a certain asset or indicator) also appeared, making this small rally easy to handle. The market did not continue to decline further but instead, as expected, entered a technical rebound within the range; after touching the 91,100 level multiple times without stabilizing, this rebound is a correction for the previous sharp decline, showing a pattern of volume-constrained rebound with limited strength.
Currently, the market faces a decision on direction. The key resistance above Bitcoin is in the 91,500-92,000 area. From the previous small platform's lower boundary and the 4-hour chart's EMA60, this level is a critical watershed for judging the strength of the rebound. The effective support below is at 88,500-89,000. The "mistress" resistance is at 3,080-3,120, with support around 2,950. It is recommended to initiate long positions within the range during sideways movements, focusing on short-term trades. If signs of stagnation appear later, and the rebound reaches the key resistance, look for opportunities to short at high points.
Bitcoin: Long at 89,400-89,700, target 91,000
Mistress: Long at 2,930-2,950, target 3,050#比特币相对黄金进入深度弱势 $BTC