#BTC This morning, it was emphasized that the market should rely on the resistance at 825 to establish short positions, with a key focus on observing whether the daily Bollinger Bands are opening up and expanding.

If the Bollinger Bands are opening up, it indicates that the bullish trend has continuation potential, and the pullback space is limited; if they do not open up and expand, the pullback will likely intensify.
After the daily close, the Bollinger Bands did not form an opening expansion, and resistance above is clear, so patience is advised to wait for a pullback opportunity.
Currently, the pullback has reached around 805; is the trend reversing?

From the market structure perspective: the daily Bollinger Bands failed to open up, indicating a lack of continuation momentum for the bulls;
Below the daily timeframe, the Bollinger Bands have also shifted from opening to contracting, further confirming the weakness of the bullish momentum.
However, the upper band of the daily Bollinger Bands has already aligned with the recent high, so there may be a slight rebound around 805 in the short term, but the overall trend structure has weakened, making it difficult to return to high levels again.
The four-hour Bollinger middle band has also broken, suggesting a higher probability of testing the lower band.
Therefore, a rebound can be attempted with a short entry near 809 to 813, targeting around 796 to 793.