Double Bottom Analysis

The Federal Reserve's rate cut expectations continue to fluctuate, leading to increased divergence in market views on the interest rate path. The US dollar has temporarily strengthened, suppressing risk assets; the US stock technology sector has experienced volatility and differentiation, with risk-averse sentiment rising. Coupled with the overall contraction of capital flow in the crypto space, the double bottom pattern is under pressure and trending downward.

The 1-hour chart shows the price breaking below the middle band of the Bollinger Bands at the 2012 key level, indicating a weakening trend; the lower band at 1991 and the previous low at 1989.64 form a strong double support, suggesting a short-term stabilization. The KDJ indicator's midpoint is turning upward, indicating a short-term technical correction is needed. However, resistance from the 2012 middle band and the 2032 upper band is significant, limiting the rebound potential.

Currently, the market is in a macro-weak + technical oscillation pattern. Focus on whether the 1990 support holds; stabilization may lead to a weak rebound, while a breakdown could open further downside space.

Trading suggestion: 2030-2060 range, target 1950-1830. $BTC $GT