Today’s Market Review: Oscillation Recovery After Shorts Take Profits

At present, Big Pancake is in a phase of oscillation recovery after shorts take profits. The current price is repeatedly tugged back and forth around the 771-778 range. Overall, it shows the characteristics of “a slowdown in the decline and a lackluster rebound,” which is typical of a downtrend continuation consolidation, and has not changed the short-term bearish-dominant rhythm.

On the technical side, the structure is still in good shape, but indicators have issued multi-timeframe divergence warning signals. On the 4-hour timeframe, the MACD fails to achieve a second golden cross below the zero line; the red bars continue to shorten, and momentum weakens again. The RSI hovers below 50, meaning the bulls lack sustained momentum for a continuous push higher; the rebound is more like a weak repair after a selloff.

On the news front, compared with purely technical analysis, there is a clear divergence pattern between bullish and bearish narratives—this is the core contradiction most worth focusing on right now.

Trading suggestion: If the rebound reaches the 778-782 range, and a sluggish consolidation signal appears, then directly try a short with a light position, targeting a fall to 76400.$BTC #伊朗提出霍尔木兹海峡重开协议条件