1.13 Bitcoin Market Analysis

The current market is being heavily suppressed from above, with rebounds just beginning to form but quickly dying out. The bulls have completely lost their fighting strength, and the market rhythm is entirely controlled by the bears.
Looking at the 1-hour K-line structure, the price is oscillating around the key support line in the middle of the Bollinger Bands. If this level cannot hold, the bears will likely launch a strong attack, and the probability of the price continuing to decline sharply will increase.
In this kind of trend, hoping for a rebound will only lead to repeated losses. There’s no need to overthink operations; continue to short and follow the trend, as this is the most stable and efficient strategy at the moment.

Bitcoin trading suggestion: around 91,600-92,200 for short, with a target of 90,600-89,000.
Altcoin suggestion: around 3,130-3,160 for short, with a target of 3,050-2,950. #Gate储备金报告 #我看好的中文Meme币 #GateFun马勒戈币暴涨1251.09%