Still leaning towards the short side. On the four-hour chart, the price repeatedly tests the middle band of the Bollinger Bands upward, each time forming long upper shadows, indicating significant upward pressure. Subsequently, the trend shifts to continuous decline, entering a correction phase dominated by bearish candles. Currently, the Bollinger Bands remain in a downward trend overall, with the bands gradually widening, reflecting that the bearish momentum is still strengthening. Trading Suggestions Bitcoin rebounds to around 72,000-72,500 to short, with the target below the 70,000 level, and if broken, continue to watch 69,300.
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Analysis of the Morning of the 2.5
Still leaning towards the short side. On the four-hour chart, the price repeatedly tests the middle band of the Bollinger Bands upward, each time forming long upper shadows, indicating significant upward pressure. Subsequently, the trend shifts to continuous decline, entering a correction phase dominated by bearish candles. Currently, the Bollinger Bands remain in a downward trend overall, with the bands gradually widening, reflecting that the bearish momentum is still strengthening.
Trading Suggestions
Bitcoin rebounds to around 72,000-72,500 to short, with the target below the 70,000 level, and if broken, continue to watch 69,300.