4.2 Morning Analysis

Bitcoin 1-hour chart surged to 69,164.5 before sharply pulling back, turning into a clear bearish trend. The current price has broken below the Bollinger middle band, showing weak consolidation below the middle band. The rebound strength is very weak, with the upper band at 69,044 forming strong resistance, making it difficult for the bulls to break through.

The KDJ indicator is in the low weak zone, with K/D/J lines trending downward, indicating ongoing short-term bearish momentum. The price has been repeatedly rejected by the middle band during rebounds, forming an overall oscillating downward structure. Resistance is concentrated between 68,400 and 69,000.

The short-term trend is bearish. If it breaks below the lower support at 67,889, further decline is expected. Maintain a high short position strategy, and consider shorting on rebounds with resistance. Watch for downside potential after breaking the lower band.

Trading suggestion: 68,600-69,100 range, target 66,600-67,100.$ETH #加密市场普遍上涨 $ETH