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Although the road is long, walking will get you there; although the task is difficult, doing it will surely succeed. In the crypto world, take it slow, be steady, and go longer.
Last night, Bitcoin's 15-minute chart showed early pressure and a pullback, dropping from around 76,956 to an intraday low of 75,635 before stabilizing and rebounding, gradually recovering above the middle Bollinger Band, currently fluctuating around 76,300, in a consolidation phase after a sharp decline, with weak rebound momentum and no clear breakout signals.
On the four-hour chart, Bitcoin continued to face pressure and decline after reaching a high of 79,455, breaking below the middle Bollinger Band and approaching support levels below, with moving averages turning downward, and the downward momentum clearly increasing. Rebounds are weak with declining volume, and short-term bearish forces dominate. Overall, it is in a weak correction channel after a decline, with no clear reversal signals, likely to continue the bearish trend.
Midnight trading suggestions:
Short around 76,800 on Bitcoin, target 75,300 $BTC $ETH
Short around 2,310 on Yitai, target 2,260