Bitcoin has been experiencing wide fluctuations. Yesterday, I mentioned that the price would rise first and then fall, which completely aligns with our thinking. Yesterday was another wave of profit-taking, and after the New Year, the market is full of energy. Each wave has been precisely timed. The first opportunity for profit-taking has arrived, and when opportunities come, we must learn to seize them; otherwise, we may never encounter them again. I've said all this just to remind everyone not to incur unnecessary losses.

On the four-hour chart, the Bollinger Bands are narrowing downwards, and the price is maintaining its position between the middle and lower bands. The bottom support is temporarily at the 95,500 level. If this level holds, we can consider looking for a rebound at this position, and then short near the 99,000 level. Recently, the market has been in a wide fluctuation pattern, providing opportunities for both bulls and bears.

For today, I suggest going long near the 95,500 level, targeting a rise to around 98,500, and then shorting above 99,000, with a bearish target at the 96,000 level. These points are for reference only.

Follow our public account, for what can relieve worries, only Jiang Wei.

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