Morning Analysis The current market rebound is clearly encountering resistance, with selling pressure continuing to increase, and the market is gradually turning bearish. On the four-hour chart, the upward momentum is weakening, with several attempts to push higher failing to continue. After testing the upper Bollinger Band multiple times, the price quickly faces resistance and pulls back, indicating that the bearish trend is gradually strengthening. On the hourly chart, the price is operating in the upper zone of the Bollinger Bands, with persistent pressure from the upper band. The candlestick shadows are continuously appearing, showing a very ideal bearish reversal. The MACD indicator, which previously showed a golden cross, is gradually turning negative, with the histogram decreasing in a stepwise manner, indicating that the bearish trend is warming up. Considering the strong resistance around 69,500 for Bitcoin, multiple upward attempts have failed to break through effectively. Therefore, subsequent strategies should focus on short positions around this resistance level. Trading Recommendations Short near 69,500 for Bitcoin, target 67,000 Short near 2,030 for Ethereum, target 1,950

【$BTC Signal】Pullback to Long! 1H Retracing EMA20, Main Force Showing Signs of Support $BTC On the 1H timeframe, after a surge, the price is currently retracing the short-term moving average for healthy consolidation. The 4H timeframe has broken through the previous oscillation upper boundary, indicating an upward trend. Currently, the 1-hour candlestick is supported near EMA20, with buy orders significantly deeper than sell orders, showing strong support below. Open interest remains stable, and the price is still resilient in a negative funding rate environment, implying that bears face a short squeeze risk. This is a typical strong correction structure and an excellent short-term sniper opportunity. 🎯 Direction: Long ⚡ Entry/Order: 68004.9 - 68158.6 🛑 Stop Loss: 68004.9 🚀 Target 1: 68466.0 🚀 Target 2: 68619.7 🛡️ Trading Management: - Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price strongly breaks through Target 2, partially take profit on the remaining position and move the stop loss near Target 1 to seek greater gains. ( Depth Logic: Market depth data shows buy order depth ratio exceeds 74%, indicating strong support from main force. The 1-hour RSI is at a healthy 56, with room for further upward movement. The 4-hour candlestick has formed a three consecutive bullish breakout pattern, with good volume-price coordination. The negative funding rate combined with stable prices is a classic sign of a short squeeze, and short covering will provide additional momentum. ) Check real-time market 👇 $BTC --- Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL ‍#我在Gate广场过新年 #Gate2月透明度报告

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