A short-term rally faced resistance near the middle band of the Bollinger at around 81,546, then quickly pulled back. The Bollinger Bands shifted from opening downward to gradually narrowing, with prices continuously trading below the middle band. Currently, around 81,190, the market is weak, and the intraday short-term trend has shifted from weak oscillation recovery to a pressure-driven decline.



From a capital perspective, the momentum from the previous rebound has diminished, with selling pressure at high levels continuing to release. The short-term bullish momentum has exhausted, and the 15-minute timeframe shows an ongoing bearish trend. This slight rebound is a continuation of the decline, representing a weak recovery under the dominance of the bears.

Trading suggestions: If the price encounters resistance and is pressured in the 81,400–81,600 range during a rebound, it can be directly sold downward.
The first target is near 80,800.
The second target is in the 80,800–80,000 range.
If the price stabilizes above 81,600 and continues to increase volume, breaking through the middle band of the Bollinger at 81,546, it indicates a short-term bullish sentiment warming up. In that case, abandon the short position idea. If a breakout occurs without a significant pullback, consider moving northward accordingly.

This open-minded approach is for reference only. Short-term volatility is fast; strictly control your position size.
BTC-1.62%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin