#数字资产市场动态 Market Review and Short-Term Outlook | BTC, ETH Technical Analysis
In the past couple of days, Bitcoin surged strongly from 86,300 to around 88,000, but has started to weaken. The rally has stalled and the resistance levels are gradually moving lower, indicating that the bulls are losing momentum. From the current market situation, the bears have taken control of the pace.
The four-hour chart shows a less optimistic state. The Bollinger Bands continue to expand downward, with the price touching the upper band and then moving lower. The middle band support has been broken, and now the price is accelerating towards the lower band. The rebound space is gradually shrinking, which is a clear sign of exhaustion. The MACD has already formed a death cross, and the angle is becoming steeper. The green energy bars are enlarging, indicating that the bearish force is still being continuously released. Currently, the bulls have little room to counterattack.
The subsequent trend is likely to remain in a weak consolidation phase, possibly continuing to break lower.
**BTC Short-Term Strategy**: Consider shorting around 88,100-88,900 during rebounds. The key support levels below are 87,000-85,500. If these are broken, look for further downside.
**ETH Short-Term Strategy**: Short around 2,970-3,030 during rebounds. The next support levels are 2,890-2,750. If these are broken, expect even lower prices.
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Rugman_Walking
· 7h ago
The short squeeze was really fierce this time; they couldn't hold 88,000. Now it's just a matter of whether it can stop at 87,000.
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FundingMartyr
· 7h ago
The short squeeze was quite intense this time; they couldn't hold 88,000. Now it's all about whether it can stop at 87,000.
View OriginalReply0
MevHunter
· 7h ago
The short squeeze this time was really fierce; it was smashed down at 88,000. The bulls didn't have much temper.
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MEVHunterBearish
· 7h ago
The short squeeze was indeed fierce; it rebounded to 88,000 and then dropped again. The Bollinger Bands are touching the lower band, indicating exhaustion... This wave might still need to go lower.
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NFTArtisanHQ
· 7h ago
the bollinger band collapse is basically cinema at this point... it's like watching benjamin's mechanical reproduction thesis play out in real time, except the machine is a liquidation engine and the art is just pure suffering lol
#数字资产市场动态 Market Review and Short-Term Outlook | BTC, ETH Technical Analysis
In the past couple of days, Bitcoin surged strongly from 86,300 to around 88,000, but has started to weaken. The rally has stalled and the resistance levels are gradually moving lower, indicating that the bulls are losing momentum. From the current market situation, the bears have taken control of the pace.
The four-hour chart shows a less optimistic state. The Bollinger Bands continue to expand downward, with the price touching the upper band and then moving lower. The middle band support has been broken, and now the price is accelerating towards the lower band. The rebound space is gradually shrinking, which is a clear sign of exhaustion. The MACD has already formed a death cross, and the angle is becoming steeper. The green energy bars are enlarging, indicating that the bearish force is still being continuously released. Currently, the bulls have little room to counterattack.
The subsequent trend is likely to remain in a weak consolidation phase, possibly continuing to break lower.
**BTC Short-Term Strategy**: Consider shorting around 88,100-88,900 during rebounds. The key support levels below are 87,000-85,500. If these are broken, look for further downside.
**ETH Short-Term Strategy**: Short around 2,970-3,030 during rebounds. The next support levels are 2,890-2,750. If these are broken, expect even lower prices.