Bitcoin has continued to show small range oscillations since the beginning of the week, and the market has been unable to break out of a larger amplitude. In the short term, it is still running around fluctuations of two to three hundred points up and down, with yesterday at 26,300 and recently at 26,200. It seems that the sideways trend has become the norm. Currently, it has once again come to Wednesday, which has been a turning point in the past market. Not afraid of the market falling, not afraid of the market rising, just afraid of the market staying still. If the sideways trend lasts too long, the next trend will likely see an outbreak.

From the current daily technical structure, the market still shows a weak trend. The rhythm of box oscillation is quite obvious, and neither the long nor short positions have been sustained. The short-term high pressure has led to a decline. Moreover, during the decline, the market has basically not provided a strong rebound. The rebound has been blocked and pressured to fall, and the decline conforms to the trend structure. Therefore, attention should be paid to the touch and breakthrough of the low level in the future. Once the breakthrough is extended, it is key to follow the trend and go short in the future.

In terms of future operations for Bitcoin, it is recommended to go short around the 26,300 area on the rebound, with a target focus on the 25,500-25,000 level.

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