Yesterday, Bitcoin was entirely controlled by the bears, with the market starting a continuous decline from the early session at 64,600 points, and the lowest point dropping to around 61,800 before stabilizing. The price then slightly rebounded to the 63,000 range to maintain consolidation. The high short-term strategy given earlier was once again accurately executed, successfully realizing profits.

From the current market situation, the daily Bollinger upper band continues to decline, and the middle band has become an important strong resistance level. Currently, it is under the Bollinger middle band, and the bulls lack sufficient momentum for a counterattack. The four-hour chart shows consecutive bearish candles completing a deep retracement, with the low point fixed at 61,870. At this stage, it is merely a technical correction after the decline. The Bollinger channels are opening downward, and the middle band’s resistance is significant. This rebound does not have reversal properties.
The hourly Bollinger bands are narrowing and consolidating, with the price oscillating slightly around the lower and middle bands. Although there is a slight upward correction demand in the short term, trading volume support is weak, and the rebound space is very limited. The overall bearish trend remains unchanged, and future operations should continue to focus on shorting on rallies.
Bitcoin rebounds around 63,000-63,700 to short, with a target of 61,800-60,800.
Altcoins rebound around 1,680-1,710 to short, with a target of 1,600-1,530.
#以太坊基金会重组降本 $BTC $ETH