Last night, Bitcoin continued its weak decline, dropping from 75,300 all the way down to 72,600 to halt the fall, then rebounded to around 73,900. The mistress also moved downward to the 1,965 level simultaneously. Our high-altitude short position layout has once again been fulfilled as expected.



From the market perspective, the daily chart shows four consecutive bearish candles breaking below the middle band of the Bollinger Bands, with the three bands diverging downward, indicating a clear bearish trend; the 4-hour ladder-down structure remains intact, currently only a oversold rebound correction; the hourly rebound to the upper Bollinger Band faces resistance, and market sentiment is bearish. Overall, the future market continues to focus on rebound high shorting as the core layout strategy.

Bitcoin rebounds near 73,900-74,500 for short positions, targeting 72,500-71,000, and if broken, it will trend downward toward the 70,000 level.
The mistress rebounds near 2,025-2,055 for short positions, $BTC targeting 1,950-1,880.
BTC0.26%
ETH-0.06%
View Original
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
  • Pinned