1.28 Wednesday Morning Outlook: Weak rebound, prefer short positions intraday

Overnight BTC again dipped to around 87200. The short position near 89000 suggested yesterday was successfully exited, with a retracement of nearly 1700 points. Although there was some support after the dip, the rebound strength is limited. Currently, the price has returned above 89000, but it remains a weak rebound with insufficient continuation.

From the market structure perspective, recent days have seen intense battles between bulls and bears, but the range has not been broken. Multiple tests of the 89500–90000 zone failed to establish a firm foothold, indicating persistent selling pressure above; the 86000 level below is a key defense zone. Until it is effectively broken, there is still value in low-range long positions.

The current price is operating within a minor resistance zone, so focus on the retracement pace intraday. Do not chase highs; prefer short positions first, then look for long entries, waiting for safer entry points below.

Trading reference:
Attempt short positions in the 89500–90000 zone, targeting 88000–87000. #GameFi板块强势反弹 #GameFi板块强势反弹 $BTC