The rebound continues to be blocked at the key resistance zone on the 4-hour timeframe, with bulls repeatedly attempting to push higher but failing to break through. The market shows a pattern of "rebound—retracement" fatigue. Each minor technical correction on smaller timeframes ultimately evolves into the start of a new downtrend. The middle band of the Bollinger Bands remains a strong resistance level, and the overall downward trend is clear. It is likely that the decline will continue in the near future.
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The rebound continues to be blocked at the key resistance zone on the 4-hour timeframe, with bulls repeatedly attempting to push higher but failing to break through. The market shows a pattern of "rebound—retracement" fatigue. Each minor technical correction on smaller timeframes ultimately evolves into the start of a new downtrend. The middle band of the Bollinger Bands remains a strong resistance level, and the overall downward trend is clear. It is likely that the decline will continue in the near future.
Bitcoin can be shorted around 76,800, with a target of 75,000;
Ethereum can be shorted around 2,290, with a target of 2,200.
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