Intraday Volatility Rhythm, How to Proceed?

This round of market rally peaked into the resistance zone and closed with a long upper shadow candlestick, indicating that the bullish momentum has been completely exhausted. Subsequent rebounds show continuous decreasing volume, with rapid weakening of capital absorption, and the candlestick bodies keep narrowing. The selling pressure gradually becomes prominent, and at higher levels, a standard bearish reversal pattern with a dark candlestick appears, confirming the reversal from a high to a fall.

From the daily chart perspective, the previous rebound momentum has already been hindered, and the upward trend driven by strong bullish candles has been completely blocked. The market faces renewed downward pressure, and the decline resumes. The four-hour chart signals further resonate: after the price touches the upper Bollinger Band, it faces resistance at high levels, with consecutive bearish candles weakening, and the downward volume continues to expand; the MACD lines are turning downward, and the KDJ indicator forms a death cross at high levels, indicating ongoing bearish momentum.

Currently, the price has fallen back to above the previous consolidation zone, where a large amount of trapped positions are accumulated, severely restricting the rebound space. Based on all market signals, the current bearish pattern is clear, and rebounds are an excellent opportunity to establish short positions. Continuing to short on the trend remains the mainstream trading approach. For Bitcoin intraday, it is recommended to establish short positions around the key resistance zone of 638-642, with targets at 625 and 615, and a stop loss at 650. #Strategy低位加仓1550枚BTC