Bitcoin reaching the resistance level of over 93,000 is happening much faster than expected. I have basically swept the top ten cryptocurrencies (excluding Dogecoin) during this rebound, and also selected a few mainstream short-term options to test the waters.

Regarding the rhythm of this round of rebound in Bitcoin, I mentioned it before, and I want to emphasize it again. The main resistance levels above are around 93,800, 98,000, and 102,000, three key points. Among them, 93,800 has been tested for the third time — I feel it’s very likely to break through this time, but once it reaches this level, it’s time to reduce positions. If it breaks through, it’s not too late to chase.

The approach remains unchanged: on the daily chart, the rebound should be as much as it is, and reduce positions when necessary. Don’t mistake a rebound for a reversal, but don’t underestimate the strength of daily rebounds either. Currently, reducing positions mainly aims to hedge against the uncertainty risk after the US stock market opens.

Keep monitoring the market next week to see if there are new opportunities worth entering.