Morning Double Bottom Analysis


Over the weekend, the double bottom coordinated with Bitcoin's bottoming out and rebound, with the market experiencing intense volatility. After dropping to 2006, it rebounded to 2140 but faced resistance and fell back, currently quoted at 2104. The market is dominated by news sentiment, with upward movement lacking strength. Intraday, look for a rebound to short.
The daily chart is in a downward channel, with moving averages in a bearish suppression, and MACD showing strong bearish momentum. The four-hour Bollinger Bands are opening downward, indicating continued market weakness, with the short-term only representing a technical weak rebound.
Trading Suggestions
Short positions around 2120-2150, targeting 2020-2050 $BTC $ETH #TradFi交易分享挑战
BTC0.78%
ETH-0.57%
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