After a week of correction, the overall price comparison has given a certain Depth of retracement, while the market during the early morning closing period provided a certain rebound as a correction after the eagle's adjustment. Currently, Bitcoin has recovered to around 112000, which belongs to a counterattack before the weekly closing, but it has not changed the bearish tone for now. The rebound strength of Ethereum is similar to that of Bitcoin, with the market recovering to around 4140 under pressure, and it has not provided further continuation. The previous key resistance zone can still be used as a reference. In terms of real trading, our short-term layout also experienced slight losses over the weekend, but no one can guarantee the win rate; any market should incur losses to avoid getting deeper into the situation.
From the four-hour chart of Bitcoin, although the price has closed three consecutive bullish candles and the K-line body has broken through the Bollinger Bands range, the Bollinger Bands have remained in a continuous contraction state without signs of expansion. This signal indicates that the current bulls have not established a strong dominant position, and there is still considerable uncertainty in the market direction. Switching to a one-hour short-term perspective, the K-line shows a unilateral upward trend, and the bullish momentum has shown obvious consumption during the continuous advance; at the same time, the pressure effect of the upper integer level is significant, coupled with the MACD indicator which has not formed effective volume expansion, further confirming that the short-term upward momentum is gradually weakening, and the sustainability of the rebound should be viewed with caution.
You can short BTC in the range of 112300-112800, watch around 110000. You can short ETH in the range of 4150-4180, watch around 3950. #btc
From the four-hour chart of Bitcoin, although the price has closed three consecutive bullish candles and the K-line body has broken through the Bollinger Bands range, the Bollinger Bands have remained in a continuous contraction state without signs of expansion. This signal indicates that the current bulls have not established a strong dominant position, and there is still considerable uncertainty in the market direction. Switching to a one-hour short-term perspective, the K-line shows a unilateral upward trend, and the bullish momentum has shown obvious consumption during the continuous advance; at the same time, the pressure effect of the upper integer level is significant, coupled with the MACD indicator which has not formed effective volume expansion, further confirming that the short-term upward momentum is gradually weakening, and the sustainability of the rebound should be viewed with caution.
You can short BTC in the range of 112300-112800, watch around 110000. You can short ETH in the range of 4150-4180, watch around 3950. #btc
