#加密领域市场回调 I looked at the market data, and although Bitcoin has been closing positively in the short-term charts, to be honest, this rebound feels a bit hollow.

From the four-hour chart, the bulls have shown weaker and weaker bullish candles, failing to stabilize above the Bollinger middle band, and the entire Bollinger channel is still moving downward, with the bears actually dominating. Looking at the one-hour chart, there have indeed been six consecutive bullish candles, and the short-term momentum has been quite strong, but this rebound has not changed the weak nature. Now the Bollinger Bands are beginning to narrow, and the KDJ three lines are also starting to turn downward, which usually indicates that the rebound is nearing its end.

Based on this judgment, the operation idea in the early morning is still mainly bearish. Consider looking for short entry opportunities in the range of 104400 to 105000, where the resistance is quite clear. The initial target below is around 102500; if it breaks, 101600 is the next support level. If the downward trend continues, touching the 100000 mark is also not impossible.

The overall trend is still weak, and going with the flow will be relatively safer.