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In the early morning phase, Bitcoin continued to decline around 76,300, with the market focus steadily shifting downward. Although there were sporadic rebounds during the session, the overall rhythm remained centered on oscillating lower, with the structure constantly refreshing lows and gradually pushing down highs. In the early trading, it briefly stabilized after retesting the 75,300 level but the rebound was limited, only consolidating repeatedly within the central zone, failing to strengthen the momentum. After entering the daytime session, the market still hovered narrowly around 75,500, with volatility contracting but the direction unchanged, continuing within a weak consolidation trend. Our bearish outlook from yesterday was perfectly validated.
From the four-hour chart perspective, a strong downward move was led by a large previous bearish candle, directly breaking through the middle band of the Bollinger Bands and approaching the lower band. Although the chart showed a tentative support test, the downward momentum was already showing signs of fatigue. Combining the MACD indicator, the momentum histogram continued to shrink, clearly reflecting that the bullish momentum was gradually waning. The fast and slow lines formed a death cross and diverged downward, leaving room for the price to test the next support level. Switching to the one-hour chart, the candles continued to oscillate within the lower Bollinger Band range, with the price fluctuation range gradually expanding, and the Bollinger Bands opening downward in sync with the market trend. Overall analysis indicates that the current market remains dominated by a bearish trend, and subsequent trading strategies should follow the trend, mainly focusing on shorting rebounds.
Sunday afternoon Bitcoin: Short in the 75,800–76,300 range, targeting 74,500.
Sunday afternoon Ethereum: Short in the 2,350–2,380 range, targeting 2,270.
$BTC #山寨币强势反弹 $ETH #AI基建重心转向应用侧