The crypto market slows down over the weekend, but the price of Bitcoin continues the recent pattern of "rising first and then falling, with range fluctuations." BTC encounters resistance at the middle band of the Bollinger Bands, showing insufficient strength from the longer side, and is currently still in a technical recovery phase under a short positions trend. If the price cannot securely stay above $106,000, the market is likely to continue maintaining a downward fluctuation trend.
From the four-hour time frame analysis, the current price is around $105,250, down about 0.6% from the previous period, and is in a narrow fluctuation state. The market shows that the short positions are dominant, and the overall trend is still restricted within a larger downward channel. In the short term, after the consolidation in the morning, the price has entered a rapid decline phase again, therefore maintaining the previous rebound short strategy unchanged.
Trading strategy suggestion: Consider short positions in the Bitcoin range of 105500-106000 USD, paying attention to the support level at 104500 USD; for Ethereum, consider short positions in the range of 2560-2580 USD, focusing on the support level near 2480 USD.
The market is still in an adjustment phase, and investors need to remain patient, control risks, and avoid aggressive actions. Current technical indicators show that short positions dominate, but potential reversal signals should also be monitored, allowing for flexible strategy adjustments.
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The crypto market slows down over the weekend, but the price of Bitcoin continues the recent pattern of "rising first and then falling, with range fluctuations." BTC encounters resistance at the middle band of the Bollinger Bands, showing insufficient strength from the longer side, and is currently still in a technical recovery phase under a short positions trend. If the price cannot securely stay above $106,000, the market is likely to continue maintaining a downward fluctuation trend.
From the four-hour time frame analysis, the current price is around $105,250, down about 0.6% from the previous period, and is in a narrow fluctuation state. The market shows that the short positions are dominant, and the overall trend is still restricted within a larger downward channel. In the short term, after the consolidation in the morning, the price has entered a rapid decline phase again, therefore maintaining the previous rebound short strategy unchanged.
Trading strategy suggestion: Consider short positions in the Bitcoin range of 105500-106000 USD, paying attention to the support level at 104500 USD; for Ethereum, consider short positions in the range of 2560-2580 USD, focusing on the support level near 2480 USD.
The market is still in an adjustment phase, and investors need to remain patient, control risks, and avoid aggressive actions. Current technical indicators show that short positions dominate, but potential reversal signals should also be monitored, allowing for flexible strategy adjustments.