Monday Morning Jingyi Trading Strategy Analysis

A new week, good morning and best wishes! Wishing you a prosperous new week!

Bitcoin experienced narrow fluctuations over the weekend, with a range of less than 1,000 points. After a rebound to the 95,500 level, it quickly retreated, and the short-term bulls have completely shown weakness.

The four-hour Bollinger Bands are continuously narrowing, and the consolidation atmosphere is at its peak! The price remains under pressure below the middle band, with multiple rebounds failing to break through. The intraday strategy is initially bearish then cautious.

Pay close attention to the 94,000 support level below. If broken, the bearish space will be fully opened; if held, the consolidation trend will continue.

Trading Suggestions
Bitcoin: Short directly around 95,000-95,800, targeting 94,000-93,000! For the long-term this week, look at a short position at 89,800.