Reviewing the morning market, in a high-level consolidation pattern, Bitcoin broke through 81,000 at midday, continuously testing the upper resistance level, rebounding to around 81,300 before starting to face pressure and retreat, moving back to correct the decline. Overall, the bullish momentum in the market remains strong with increased volume, but based on various market signals, there is still an expectation of deep retracement from the bears. At this moment, we must adhere to our trading strategy: until the 81,000 level is effectively stabilized, maintain a bearish outlook. Since the price has not broken through the previous high point, it indicates clear resistance above, and our early morning bearish view remains valid. We are bearish on Bitcoin around 80,500 and Ethereum around 2,366, with positions currently held. Both Bitcoin and Ethereum are near entry points, so patience and waiting for a pullback or retracement opportunity is the best approach.

From the overall structure, the market surged to touch the upper band of the Bollinger Bands, which are currently in an open-mouth formation. The market is gradually rising, but the upward momentum is weak, likely accompanied by a large bearish candle for a pullback correction. Meanwhile, the hourly and four-hour TD indicators have both reached 9, signaling a potential trend reversal. Before a key resistance level is broken, do not easily change the original trend outlook. On the four-hour timeframe, the middle band of the Bollinger Bands serves as a strong resistance above, and the overall intraday outlook remains bearish, with a target around the middle band near 79,000.

Tuesday afternoon Bitcoin: Short around 81,000, target near 79,000

Tuesday afternoon Ethereum: Short around 2,380, target near 2,330

$BTC #美国寻求战略比特币储备