Wednesday morning Bitcoin technical analysis. From the 4-hour chart, the price has broken below the middle band of the Bollinger Bands, which is a noteworthy technical boundary. Losing the middle band usually indicates that the short-term bullish momentum is weakening, and the trend is shifting from bullish to bearish. The upper band of the Bollinger Bands may act as a resistance level for a rebound in the short term.



More notably, the volume performance is worth mentioning. During the price decline, trading volume significantly increased, which is not a false move—genuine selling pressure is supporting this correction, increasing the certainty of the adjustment.

From an operational perspective, the 93200-93600 range can be considered as an entry zone for short-term shorts, with the target set near the support level around 91000. It is important to note that such technical signals should be combined with one's risk tolerance and position management, and should not be blindly followed.
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AirdropBuffetvip
· 19h ago
Broke the middle band again, short positions can harvest another wave Trading volume is the key, this move is truly worth it I'm a bit tempted by the 93200 level, just worried about bottom-fishing turning into a bagholder If 91000 can't hold, there's more to the story ahead
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ForkThisDAOvip
· 01-07 02:47
Bollinger Bands are starting to play tricks again, this time with real volume support, not just a weak market. The 93200 level is indeed worth trying your luck, but I still think 91000 is safer. --- Both technical analysis and volume-price coordination look very professional, but why do I still dare not go all in? --- I've seen the middle band break several times before. Every time they say it's going to fall, but what happened? It still depends on whether we can hold 91000 or not. --- I believe in the increase in trading volume; at least it shows that it's not a dull consolidation. There are people actively selling. --- I'm observing the 93200-93600 range for now. I'll act once it's confirmed; I don't want to get chopped up like a leek. --- Such fierce selling pressure, are the bulls really about to run out of breath? Or is another reverse trend coming? --- Bollinger Bands, trading volume, support levels... All these are good to discuss, but it's better to see how the main force moves.
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ProposalDetectivevip
· 01-07 02:47
The trading volume has indeed dropped sharply this wave. Can 91,000 hold? --- Bollinger Bands broken + increased volume decline, this signal is a bit strong... --- Short at 93,200—either make a huge profit or suffer a big loss, it's that simple. --- Once again, the technical analysis savior appears. I just want to know how it ends. --- The selling pressure is so fierce, the bulls are really out of energy. --- If the middle band breaks, just look at the next support level. Don't hesitate. --- It's well said that risk tolerance is important; many people overlook this point. --- The key level at 91,000—breaking it would be truly troublesome.
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RugResistantvip
· 01-07 02:34
volume spike looks legit tho, not some typical wick trap. analyzed the order book thoroughly and selling pressure is real here ngl. 93200-93600 entry zone makes sense if you're actually managing risk properly, but most won't lol
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ContractFreelancervip
· 01-07 02:26
Price and volume consistency is true distribution; the recent increase in trading volume is indeed interesting. --- Can the support at 91000 hold? That's the key. Feels like this time is different. --- Old traders should exit now; don't wait until the breakdown to regret. --- Is the middle band of the Bollinger Bands broken? Is this the same old story? Said the same at the beginning of the year... --- Entering short positions at 93200-93600? I'll wait to see if there's a rebound confirmation first. --- The increase in trading volume is indeed real; I acknowledge that. But can it rebound to the upper band? --- I have a position stuck at 93600; this analysis is right near the stop-loss line, a bit awkward. --- Such good volume and price action, and still not cutting? Just sticking to the end. --- The middle band has been broken; let's wait for 91000 to see the real outcome. --- Holding a short position while sleeping—tomorrow could be a big gain or a big loss. As a gambler, I don't care anymore.
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