Bitcoin rebounded to around 91,600 from a low but faced resistance. This uptrend is merely a technical correction following an oversold situation, not a signal of trend reversal.
From the current chart characteristics, the rebound shows two major weaknesses: a rally on low volume and lack of sustained upside momentum, revealing the exhaustion of the bulls. In terms of cycle structure, whether on larger or smaller timeframes, bears firmly maintain control, and the market has yet to show any effective stop-loss signal.
Strategically, when the trend hasn't changed, the approach remains the same: rebounds are good opportunities to enter short positions. Based on key resistance levels, maintain a bearish outlook and patiently await further downside movement.
Bitcoin: Short around 91,500-92,000 on rebounds, target 90,000-88,000
Bitcoin rebounded to around 91,600 from a low but faced resistance. This uptrend is merely a technical correction following an oversold situation, not a signal of trend reversal.
From the current chart characteristics, the rebound shows two major weaknesses: a rally on low volume and lack of sustained upside momentum, revealing the exhaustion of the bulls. In terms of cycle structure, whether on larger or smaller timeframes, bears firmly maintain control, and the market has yet to show any effective stop-loss signal.
Strategically, when the trend hasn't changed, the approach remains the same: rebounds are good opportunities to enter short positions. Based on key resistance levels, maintain a bearish outlook and patiently await further downside movement.
Bitcoin: Short around 91,500-92,000 on rebounds, target 90,000-88,000
Ethereum: Short around 3,130-3,180 on rebounds, target 3,050-2,950$ETH $BTC #GT2025第四季度销毁完成