Instrument: BTCUSDT
Time Frame: 5m
Exchange: Bitget
Trading Type: Swing Trading
Bitcoin's Short-Term Analysis: Maintaining a Steep Uptrend
In the short term, Bitcoin has shown a steep rise after rebounding from its lower levels. However, if this sharp uptrend breaks, it could lead to another potential decline, which should be considered in any trading strategy.
Typically, a sustainable upward trend is accompanied by intuitive long bullish candles during the rebound. Without such strong confirmation, caution is advised when interpreting the current movement.