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As long as there are no major positive news releases tonight, the analysis by Sister Lin should suffice for now. Currently, the market trend remains mainly sideways consolidation, and the rebound has not broken below the 79,000 level. It is still within a range-bound pattern, with a focus on watching for breakout signals. Regarding the attitude, there has been some retracement today, but it has not broken below the 2250 threshold. It is still in a downward adjustment phase, and the rebound currently lacks strong momentum. The overall trend remains dominated by bears. Yesterday, I closed my position based on the early morning signals, securing nearly 1,100 points; the 60-point space for the attitude has been realized. Bitcoin's rebound presents an opportunity to re-enter the market.
Looking at the 4-hour chart, after a series of red candles, a correction in a white range has emerged. The market is still in a phase of slight downward movement, with Bollinger Bands opening wider as the trend progresses, attempting to test lower support levels. Although currently hindered by the 79,000 level, indicators do not yet show oversold signals. In the short term, a rebound is unlikely to break above 80,600, and the overall pattern remains bearish. We await further downward testing, which could lead to a retest of the daily structure. Volume-wise, the rebound appears to be just a consolidation of the bears' buildup, and the outlook remains bearish.
Trading Suggestions
Bitcoin can be traded around 79,700-80,000, with targets below at 79,000-78,000.
Attitude can be traded around 2,280-2,300, with a downside target of 2,250-2,200.