Early morning Bitcoin and Ethereum surged to around 70,000/2090 but faced resistance and pulled back, currently consolidating around 69,000/2030.
As long as the key resistance above is not broken during the day, the rebound should still be viewed as a selling opportunity.
The market tested the 70,000 level twice but failed to break through effectively, then entered a choppy K-line consolidation phase. The rebound momentum has clearly slowed, which is not a sign of trend reversal. On the hourly Bollinger Bands, the three lines continue to diverge downward, indicating that the bears are still gathering strength and preparing for a subsequent breakdown. Bitcoin trading suggestion: short around 69,500-70,200, with targets at 68,500 and 67,000. Altcoin trading suggestion: short around 20,45-20,85, with targets at 19,80 and then 19,05#伊朗局势升级
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Early morning Bitcoin and Ethereum surged to around 70,000/2090 but faced resistance and pulled back, currently consolidating around 69,000/2030.
As long as the key resistance above is not broken during the day, the rebound should still be viewed as a selling opportunity.
The market tested the 70,000 level twice but failed to break through effectively, then entered a choppy K-line consolidation phase. The rebound momentum has clearly slowed, which is not a sign of trend reversal.
On the hourly Bollinger Bands, the three lines continue to diverge downward, indicating that the bears are still gathering strength and preparing for a subsequent breakdown.
Bitcoin trading suggestion: short around 69,500-70,200, with targets at 68,500 and 67,000.
Altcoin trading suggestion: short around 20,45-20,85, with targets at 19,80 and then 19,05#伊朗局势升级