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Bitcoin early morning shows a wide-range sideways fluctuation, with prices oscillating between 73,500 and 74,200. It repeatedly pulls back after reaching 74,179 resistance, and the short-term bulls and bears are in a stalemate.
From the current chart, the daily Bollinger Bands are opening downward, with the price moving along the middle to lower band, facing obvious resistance above; since the peak at 82,828, the price has fallen and is now in a low-level consolidation phase after a sharp decline, and the overall bearish trend has not changed. The four-hour chart shows a bottoming pattern after probing the low at 72,436, with Bollinger Bands gradually narrowing. Although there is some technical correction in the short term, it is only a weak rebound within the downtrend, not a trend reversal. The hourly chart repeatedly attempts to push above 74,250 but faces resistance, with the upper Bollinger Band forming strong resistance. The bullish momentum continues to weaken, and the market needs a pullback to confirm support. Overall, the outlook remains to favor high short positions!
Bitcoin rebounds near 74,000-74,600, with a short position targeting 72,500-71,000; if broken downward, then look towards 70,100.
Altcoin rebounds around 2,020-2,050, with a short position targeting $BTC 1,950-1,850.
From the current market view, the daily Bollinger Bands are opening downward, with the price trading near the middle-lower band, facing obvious resistance above; since the peak at 82,828, the price has fallen and is now in a low-level consolidation phase after a sharp decline, and the overall bearish trend has not changed. The four-hour chart shows a bottoming pattern after confirming a low at 72,436, with Bollinger Bands gradually narrowing; although there is some technical correction in the short term, it is only a weak rebound within the downtrend, not a trend reversal. The hourly chart repeatedly attempts to push above 74,250 but faces resistance, with the upper Bollinger Band forming strong resistance, and the bullish momentum continues to weaken, indicating a need for a pullback to confirm support. Overall, the outlook remains to focus on high short positions!
Bitcoin rebounds near 74,000-74,600 for short positions, targeting 72,500-71,000; if broken, then look for a move down to 70,100.
Altcoins rebound around 2,020-2,050 for short positions, targeting $BTC 1,950-1,850.
Judging from the current market structure, the daily Bollinger Bands are opening downward, and the coin price is trading on the middle-to-lower band, with clear pressure overhead. After dropping from the high point of 82,828, the market is now only in a low-range consolidation phase following the sharp selloff; the overall bearish trend has not changed. On the four-hour timeframe, after a low at 72,436 is confirmed, the market has been moving sideways to build a base. The Bollinger Bands are gradually tightening; while there may be some technical correction in the short term, it is only a weak rebound during the downtrend, not a trend reversal. On the hourly chart, multiple attempts to push above 74,250 have been met with resistance; the upper Bollinger Band forms strong overhead pressure. Bullish momentum continues to fade, and the market likely needs a pullback to confirm support. Overall, in the outlook ahead, a high-short positioning strategy can still remain unchanged!
Bitcoin: short on rebounds near 74,000-74,600, looking down at 72,500-71,000; if it breaks, then continue to look down at 70,100.
Ethereum: short on rebounds near 2020-2050, looking down at 1950-1850$BTC $ETH $IOST