2026-01-28 01:42:51

Wednesday Morning Market View: Weak Rebound, Focus on Short Positions Throughout the Day

Overnight, Bitcoin retested the 87200 level again. The short positions given around 89000 yesterday were successfully closed, resulting in nearly 1700 points of profit. Subsequently, the price found brief support at lower levels and began to rebound. Currently, it has risen back above 89000, but from the trend perspective, this rebound clearly lacks sustainability. Morning trading will still primarily focus on high-level short positions.

From the market structure, the recent phase has seen frequent battles between bulls and bears, but the price has remained within a range. Multiple attempts to break and stabilize above the 89500-90000 zone have failed, indicating persistent resistance. The key support level is at 86000; as long as this level holds, there is value in low buying opportunities. Currently, Bitcoin is in a short-term upper pressure zone. Focus on the pullback strength today, and consider long positions only after a proper retracement.

Trading reference:
In the morning, focus on short positions around 89500-90000, targeting 88000-87000.

BTC0,71%

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