Morning Analysis


Bitcoin four-hour timeframe: After a short-term test of support, a technical rebound occurred, and the price briefly surged above the 71,000 level.
The four-hour chart shows frequent long-shadow candlesticks, which are not signs of bullish strength but rather indicate intensified battle between bulls and bears, with heavy selling pressure above. The news and technical indicators are now showing a clear divergence.

Overall trend: this rebound is merely a correction within a downtrend and does not signal a trend reversal; although the Bollinger Bands appear to be opening, there are signs of contraction, limiting upward potential.
After the correction concludes, the market is likely to return to a downward channel. The trading strategy remains bearish.
Trading Suggestions
Short positions around 70,500-71,000, targeting 67,500-68,000, with a long-term target of 64,000.
Short positions around 2,070-2,100 for Ethereum, targeting 1,820-1,850.
BTC-0,21%
ETH-0,49%
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