Bitcoin shows a generally weak rebound pattern, starting from a low point around 63,187 early this morning, with a weak rebound underway. During the oscillation upward, it remains constrained by short-term resistance, only reaching a high of approximately 64,461. The current price is 64,293, indicating a state of rebound fatigue. Ethereum's movement is highly correlated with Bitcoin, starting its weak rebound from a low of 1,712, quickly falling back after reaching around 1,748. It exhibits a passive follow-up trend throughout, with market linkage evident but bullish momentum extremely scarce.



On the daily chart, the downward channel continues to extend in an orderly manner. After experiencing a short-term volume-contraction rebound and completing a bearish correction, the price still hasn't broken free from a steady oscillating downward rhythm. Although bearish momentum has temporarily paused, it has not disappeared, driving the moving average system into a synchronized downward resonance pattern. The MA20 and MA50 medium- and long-term moving averages continue to diverge downward, with prices remaining under pressure from these averages. This pattern indicates that the overall trend remains dominated by bears, and this downward trend is quite persistent and structurally stable. The TRIX indicator remains below the zero line, with no signs of turning upward, further confirming the dominance of the daily bearish trend.

On the four-hour chart, the weak oscillation pattern persists. Prices are consistently constrained by the middle band of the Bollinger Bands at around 65,200 and the 23.6% Fibonacci resistance at approximately 64,684. The rebound highs are gradually declining, showing a typical "rebound as energy accumulation for decline" technical feature, further solidifying the daily bearish trend. The MACD indicator's DIF and DEA lines, although briefly converging below zero, have not formed a valid golden cross. The green bars could expand again at any time, and downward momentum may restart at any moment. The current market rhythm indicates that bearish forces are still accumulating. Short-term rebounds are not trend reversal signals but typical bear corrections and trap actions, mainly to accumulate strength for further declines. Today's morning operations should focus on shorting during rebounds.

Specific trading suggestions: Pay attention to resistance around 64,800-65,300 and the pressure at 66,000, 66,500, and 67,500. If these levels hold without breaking, consider shorting from higher positions, targeting a 500-6000 point decline. Focus on the resistance at 67,500; if it is firmly supported, it could signal a trend reversal and a secondary breakout. #预测世界杯法国VS伊拉克
GT3.32%
BTC1.38%
View Original
post-image
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