Analyzing the current market trend, the 4-hour level shows a four consecutive bullish candlestick pattern. After a strong breakout above the upper Bollinger Band, the upward momentum has clearly slowed down, and a price pullback is occurring simultaneously. Currently, the candlestick has a long upper shadow, which clearly indicates strong selling pressure above, and the bullish momentum is insufficient to continue pushing the price upward. Operation suggestion: You can short around 117800, look down near 116000 #币圈 #加密市场反弹 .
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#GatePerpDEX正式上线 10.2 Early Morning BTC Analysis and Suggestions
Analyzing the current market trend, the 4-hour level shows a four consecutive bullish candlestick pattern. After a strong breakout above the upper Bollinger Band, the upward momentum has clearly slowed down, and a price pullback is occurring simultaneously. Currently, the candlestick has a long upper shadow, which clearly indicates strong selling pressure above, and the bullish momentum is insufficient to continue pushing the price upward.
Operation suggestion: You can short around 117800, look down near 116000 #币圈 #加密市场反弹 .