Bitcoin is consolidating within the 83,000-85,500 range, with bulls and bears reaching a temporary balance in this zone. On the four-hour chart, a three consecutive bullish candlestick rebound pattern has emerged, which is a clear reflection of short-term rebound momentum. However, it is important to be cautious as the market panic triggered by the previous breakdown has not completely dissipated, directly resulting in continued insufficient upward momentum. This is reflected in the candlestick patterns, where frequent upper and lower shadows during the rebound indicate both the bulls' attempts to push higher and the strong resistance above. The efficiency of this resistance is evident, significantly limiting the rebound's height. On the hourly chart, price fluctuations are even more tangled, with prices seesawing around the middle band of the Bollinger Bands and alternating bullish and bearish candlesticks. Notably, upward moves lack strength and struggle to sustain, while downward moves quickly retrace, easily eroding previous gains. This pattern highlights the increasing dominance of the bearish trend, and short-term downside risks deserve particular attention.
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#比特币行情观察
Bitcoin is consolidating within the 83,000-85,500 range, with bulls and bears reaching a temporary balance in this zone. On the four-hour chart, a three consecutive bullish candlestick rebound pattern has emerged, which is a clear reflection of short-term rebound momentum. However, it is important to be cautious as the market panic triggered by the previous breakdown has not completely dissipated, directly resulting in continued insufficient upward momentum. This is reflected in the candlestick patterns, where frequent upper and lower shadows during the rebound indicate both the bulls' attempts to push higher and the strong resistance above. The efficiency of this resistance is evident, significantly limiting the rebound's height. On the hourly chart, price fluctuations are even more tangled, with prices seesawing around the middle band of the Bollinger Bands and alternating bullish and bearish candlesticks. Notably, upward moves lack strength and struggle to sustain, while downward moves quickly retrace, easily eroding previous gains. This pattern highlights the increasing dominance of the bearish trend, and short-term downside risks deserve particular attention.