From the current market situation, the four-hour chart shows that the price has attempted multiple times to break through the resistance level above but has not succeeded. The previous continuous bullish rally has been completely disrupted by the opportunistic intervention of the bears. The price encounters strong resistance at the upper band of the Bollinger Bands, and the bullish momentum cannot be effectively sustained. In the short term, the market pattern dominated by bulls may not be sustainable. Looking at the 1-hour chart, the price has not yet reached the upper Bollinger Band but shows clear signs of being pressured. The candlesticks repeatedly test the upward momentum but fall back after each rebound, confirming that there is significant selling pressure above and that the upward momentum is continuously weakening.
In summary, Yutong recommends continuing with the evening trading strategy: rely on rebounds below resistance levels to set up short positions.
Trading Suggestions:
Bitcoin: Around 88500-89000, consider shorting, with a target of 87500-86000. Altcoin: Around 2990-3040, consider shorting, with a target of 2890-2750. #成长值抽奖赢金条和精美周边 #GateLaunchpadKDK认购上线 #美联储降息预测
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Friday Night Analysis:
From the current market situation, the four-hour chart shows that the price has attempted multiple times to break through the resistance level above but has not succeeded. The previous continuous bullish rally has been completely disrupted by the opportunistic intervention of the bears. The price encounters strong resistance at the upper band of the Bollinger Bands, and the bullish momentum cannot be effectively sustained. In the short term, the market pattern dominated by bulls may not be sustainable. Looking at the 1-hour chart, the price has not yet reached the upper Bollinger Band but shows clear signs of being pressured. The candlesticks repeatedly test the upward momentum but fall back after each rebound, confirming that there is significant selling pressure above and that the upward momentum is continuously weakening.
In summary, Yutong recommends continuing with the evening trading strategy: rely on rebounds below resistance levels to set up short positions.
Trading Suggestions:
Bitcoin: Around 88500-89000, consider shorting, with a target of 87500-86000.
Altcoin: Around 2990-3040, consider shorting, with a target of 2890-2750. #成长值抽奖赢金条和精美周边 #GateLaunchpadKDK认购上线 #美联储降息预测