Sunday Afternoon Jing Yi's Market Outlook

After a continuous decline, the market only experienced a weak rebound. Yesterday, Bitcoin dipped to a new low of 590, then technically rallied to 619 before pulling back and consolidating; during midday, it hovered around 615, while the altcoin also rebounded from 1503 to 1590, approaching resistance levels. The rebound volume has shrunk, and the candlestick bodies are small, typical of oversold recovery. The overall bearish trend remains unchanged, and the weekend rebound has already reached a key resistance. The upward momentum is clearly lacking.

On the four-hour chart, the rebound stalled below the middle band of the Bollinger, which is the first strong resistance after the previous breakdown; on the hourly chart, there is an upper shadow around 620, indicating insufficient bullish momentum, and chasing the rally has exhausted capital. This recent rebound is only a correction of the deviation from indicators, building up for the next decline. The core resistance zone for Bitcoin is 620-625 (hourly upper band + lower edge of the previous consolidation platform). A volume breakout is needed to reverse the downward trend, which is highly unlikely. Ethereum is even weaker, with the rebound not reaching the four-hour middle band; the 1650-1680 zone is heavily trapped with long positions, and the lack of volume raises doubts about sustainability. During the midday to evening, a volatile pullback or retest of lows is highly probable. Continue to adopt a high-short strategy.

Trading Suggestions
Bitcoin: Short at 618-625 resistance zone, target around 600
Altcoin: Short at 1600-1650 resistance zone, target around 1510#分享美股交易赢英伟达股票