The bottom oscillation remains uncertain, with bearish forces quietly increasing. The weekly chart shows consolidation at low levels, difficult to break through the deadlock. The K-line is glued to the lower Bollinger Band, with each upward attempt met with selling pressure. Long upper shadows confirm that selling pressure remains, and the risk of a correction continues to rise.
The daily chart shows consecutive closes below the middle band, indicating a bearish trend throughout. The short-term downward momentum has not eased, and there is still room for further decline to seek a bottom. Policy benefits are unlikely to change the lack of volume, and waning bullish confidence leads to weak rebounds. The overall bearish dominance remains unchanged. It is advisable to go short on rallies, avoid chasing longs, and patiently wait for resistance levels to short in line with the trend.
Trading suggestion: Short around 89,400-90,000, targeting 87,500-86,000. If broken, continue downward; if not, reverse position with the trend. #加密市场观察 $BTC $ETH $SOL
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.
The bottom oscillation remains uncertain, with bearish forces quietly increasing. The weekly chart shows consolidation at low levels, difficult to break through the deadlock. The K-line is glued to the lower Bollinger Band, with each upward attempt met with selling pressure. Long upper shadows confirm that selling pressure remains, and the risk of a correction continues to rise.
The daily chart shows consecutive closes below the middle band, indicating a bearish trend throughout. The short-term downward momentum has not eased, and there is still room for further decline to seek a bottom. Policy benefits are unlikely to change the lack of volume, and waning bullish confidence leads to weak rebounds. The overall bearish dominance remains unchanged. It is advisable to go short on rallies, avoid chasing longs, and patiently wait for resistance levels to short in line with the trend.
Trading suggestion: Short around 89,400-90,000, targeting 87,500-86,000. If broken, continue downward; if not, reverse position with the trend.
#加密市场观察 $BTC $ETH $SOL