Wednesday morning Bitcoin technical observation. From the 4-hour chart perspective, price has broken below the middle band of the Bollinger Bands, which is a notable technical pivot point. The loss of the middle band typically suggests weakening bullish momentum in the short term, with signs of the trend shifting from bullish to bearish, while the upper band of the Bollinger Bands will serve as resistance for rebounds in the near term.
What's particularly worth noting is the volume performance. During the price decline, trading volume has expanded noticeably—this is not a bluff, but real selling pressure supporting this pullback, which increases the certainty of the correction.
From an operational perspective, the 93200-93600 zone can be considered as a reference entry range for short-term bearish trades, with the target looking toward support near 91000. It's important to note that these types of technical signals should be executed in combination with your own risk tolerance and position management, and should not be followed blindly.
Wednesday morning Bitcoin technical observation. From the 4-hour chart perspective, price has broken below the middle band of the Bollinger Bands, which is a notable technical pivot point. The loss of the middle band typically suggests weakening bullish momentum in the short term, with signs of the trend shifting from bullish to bearish, while the upper band of the Bollinger Bands will serve as resistance for rebounds in the near term.
What's particularly worth noting is the volume performance. During the price decline, trading volume has expanded noticeably—this is not a bluff, but real selling pressure supporting this pullback, which increases the certainty of the correction.
From an operational perspective, the 93200-93600 zone can be considered as a reference entry range for short-term bearish trades, with the target looking toward support near 91000. It's important to note that these types of technical signals should be executed in combination with your own risk tolerance and position management, and should not be followed blindly.