After continuous intraday sideways consolidation and correction, tonight's coin price once again staged a "first suppress then rise" pattern similar to last night. The price quickly tested the support at 85,000 following the rhythm of the US stocks, then rebounded from the bottom. Currently, the price is again around 89,300, and the current rebound trend is still continuing. Although the update of our real trading strategy this week has slowed down slightly, our student recruitment has been ongoing recently. Our real trading layout has still achieved quite good returns this week. I will try to update everyone with more timely market insights and our real trading strategies in the future.

Looking at the four-hour chart of Bitcoin, after the price experienced a rapid decline with consecutive bearish candles and repeatedly tested the lower support, it moved sideways in a narrow range around the low levels for continued consolidation. The price is continuously sideways consolidating and repairing, which is a technical correction after a continuous decline and also a sign of strong support below. The four-hour Bollinger Bands are gradually narrowing, indicating that after this consolidation, the market will face new directional choices. In the short-term hourly chart, after the price fell below the lower band with a large bullish candle and then rebounded with two consecutive bullish candles, the long lower shadow on the candles shows that the current price is still in a strong battle between bulls and bears. Although the Bollinger Bands are still expanding downward, the current trend shows that the bears are gradually weakening. The KDJ indicator is also gradually converging and forming a golden cross. Therefore, our short-term strategy remains to watch for continued rebound, and we can participate in buybacks on pullbacks.
For Bitcoin, consider long positions around 89,000, watch for around 90,000; for Ethereum, consider long positions around 2,930, watch for around 3,030. #BTC行情分析 #加密市场回调