Bitcoin and Ethereum experienced a slight pullback last night, and the overall weak pattern remains unchanged. Although the 4-hour chart shows prices re-entering the consolidation range, they failed to break through the midline of the range. The rebound structure is invalid, and it is unlikely to sustain a rebound in the short term.
From a technical perspective, as long as the 4-hour chart has not stabilized above the midline of the range, the trend cannot be reversed. Only a confirmed breakthrough and stabilization above the midline can bring a structural change to the oscillation pattern.
Bitcoin rebounded to around 69,988 but faced resistance again and fell back. The 70,000 psychological level remains a strong resistance. Short-term rebound momentum is weak, and the core strategy remains to short on rebounds! Bitcoin around 69,000 short, target 67,500, medium-term target 65,000 Ethereum around 2,080 short, target 1,980, medium-term target 1,800
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Soul,Torture™
· 14h ago
Thursday Jiahua's Market Outlook
Bitcoin and Ethereum experienced slight pullbacks last night, and the overall weak pattern remains unchanged. Although the 4-hour chart shows prices re-entering the consolidation range, they failed to break through the midline of the range. The rebound structure is invalid, and short-term momentum is unlikely to sustain a rally.
From a technical perspective, as long as the 4-hour chart hasn't stabilized above the midline of the range, the trend cannot be reversed. Only a confirmed breakthrough and stabilization above the midline can bring a structural change to the sideways pattern.
Yesterday, Bitcoin rebounded to around 69,988 but faced resistance and fell back. The 70,000 psychological level remains a strong resistance. Short-term rebound momentum is weak, so shorting on rebounds remains the core strategy!
Bitcoin: Short around 69,000, target 67,500, swing target 65,000
Ethereum: Short around 2,080, target 1,980, swing target 1,800
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Thursday Jiahua's Thought Sharing
Bitcoin and Ethereum experienced a slight pullback last night, and the overall weak pattern remains unchanged. Although the 4-hour chart shows prices re-entering the consolidation range, they failed to break through the midline of the range. The rebound structure is invalid, and it is unlikely to sustain a rebound in the short term.
From a technical perspective, as long as the 4-hour chart has not stabilized above the midline of the range, the trend cannot be reversed. Only a confirmed breakthrough and stabilization above the midline can bring a structural change to the oscillation pattern.
Bitcoin rebounded to around 69,988 but faced resistance again and fell back. The 70,000 psychological level remains a strong resistance. Short-term rebound momentum is weak, and the core strategy remains to short on rebounds!
Bitcoin around 69,000 short, target 67,500, medium-term target 65,000
Ethereum around 2,080 short, target 1,980, medium-term target 1,800