At the hourly level, the resistance near the upper band of the Bollinger Bands is very strong, and the upward momentum is significantly damaged, deepening the subsequent decline. Combined with the overall previous pattern, which is mainly a bearish trend, the three bands of the Bollinger Bands are extending downward with continuous strength. This proves that the short-term rebound is a trap for more buying. The overall bearish trend was clear earlier, with the three bands of the Bollinger Bands continuously diverging downward. The current rebound is only a trap to shake out weak hands; do not chase the high.



📌 Bitcoin: 91500-92200 area to establish short positions, target at 89000

📌 Ethereum: 3140-3180 area to establish short positions, target at 2980
BTC-0,22%
ETH0,13%
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