Currently, the four-hour chart shows a strong double decline, confirming that the breakout above the middle band of the Bollinger Bands is still in a downward trend, indicating a weak market structure. The one-hour chart shows a significant downward movement, with the low touching the 91,500 level. The Bollinger Bands are tightening downward, and the price is moving lower with decreasing volume, reflecting insufficient rebound momentum. The short-term trend is somewhat upward but lacks strength, making it unable to support the price. Additionally, the highs and lows are gradually being lowered, indicating a clear continuation of the downward trend.
Pay attention to the support zones for phased entries, following the trend. In the evening, focus on pullback-based long positions, and seize opportunities for trend continuation. Bitcoin can be shorted around 92,000, with a target of about 90,000. Altcoins can be shorted around 3,200, with a target of 3,000.
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Currently, the four-hour chart shows a strong double decline, confirming that the breakout above the middle band of the Bollinger Bands is still in a downward trend, indicating a weak market structure. The one-hour chart shows a significant downward movement, with the low touching the 91,500 level. The Bollinger Bands are tightening downward, and the price is moving lower with decreasing volume, reflecting insufficient rebound momentum. The short-term trend is somewhat upward but lacks strength, making it unable to support the price. Additionally, the highs and lows are gradually being lowered, indicating a clear continuation of the downward trend.
Pay attention to the support zones for phased entries, following the trend. In the evening, focus on pullback-based long positions, and seize opportunities for trend continuation.
Bitcoin can be shorted around 92,000, with a target of about 90,000.
Altcoins can be shorted around 3,200, with a target of 3,000.