Still look for a high-level rebound to short! On the 4-hour chart, Bitcoin surged above the 70,000 level but faced resistance and pulled back. The oscillating downward trend is clear, and the rebound momentum continues to weaken. The short-term rebound structure has ended.
MACD and KDJ are both in a bearish alignment, indicating that the short-term decline has not finished. Today, it’s preferable to follow the trend and look for a pullback. Consider going long only after retesting key support levels. Rebound to 68,000 and 68,800, then short in batches Target: 66,000, and if broken, look for 64,800 Rebound to 2,050 and 2,090, then short in batches Target: 1,920, and if broken, look for 1,880 $BTC $ETH
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Still look for a high-level rebound to short! On the 4-hour chart, Bitcoin surged above the 70,000 level but faced resistance and pulled back. The oscillating downward trend is clear, and the rebound momentum continues to weaken. The short-term rebound structure has ended.
MACD and KDJ are both in a bearish alignment, indicating that the short-term decline has not finished. Today, it’s preferable to follow the trend and look for a pullback. Consider going long only after retesting key support levels.
Rebound to 68,000 and 68,800, then short in batches
Target: 66,000, and if broken, look for 64,800
Rebound to 2,050 and 2,090, then short in batches
Target: 1,920, and if broken, look for 1,880
$BTC $ETH