BTC 1-Hour Cycle Market Review📉



Early morning saw a sharp drop to 57758, completing a deep V reversal. The hourly candle closed bullish, starting an oversold bounce repair.
Bollinger Bands: Price bounced off the lower band strong support, currently above the lower band. The middle band at 59585 is the first strong resistance, with support below at 58040.
MACD: The hourly MACD has turned up from lows, with green bars significantly shrinking. Bullish momentum is beginning to recover, and the downtrend has temporarily slowed. However, the indicator remains below the zero line—this is only a rebound, not a reversal.
Market Funds: Short-term bearish premium has narrowed, selling pressure has clearly weakened, and buying support has entered at low levels.
Trading Strategy:
Short-term bounce play: watch resistance in the 59000-59585 range. If the bounce lacks strength and falls under pressure, once the previous low of 57758 is broken, a new round of downtrend will begin.
⚠️ Reminder: The hourly overall trend remains bearish, only short-term repair. For leverage contracts, strictly control positions, set stop losses, and do not blindly chase longs! #币圈
BTC0.26%
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