Since Bitcoin hit a recent high of $90,550 the day before yesterday, the market has entered a continuous retracement mode. Early yesterday morning, the price of Bitcoin dropped to a low of $87,900, followed by a slight rebound in the morning, rising to $88,900; however, this price level faced significant resistance, and the rebound could not be sustained, leading to another drop. Throughout yesterday's daytime trading, Bitcoin operated around a downward trending range, with bearish sentiment dominating the market rhythm. By the evening session, it had fallen to a low of $86,530, but found support at this level and started to rebound. During the evening, the market attempted to break through $88,200 twice but failed to surpass this resistance level, with the rebound showing weakness. Currently, Bitcoin is fluctuating around $87,200, with overall bullish momentum showing signs of fatigue, and the short-term adjustment trend remains unchanged. The bearish trend continues to expand downward. This pattern is more pronounced at the hourly level, with the overall market operating below the zero line and bears holding the dominant position. The strategy remains unchanged for subsequent rebounds, with strong downward momentum.
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#加密市场小幅回暖
Since Bitcoin hit a recent high of $90,550 the day before yesterday, the market has entered a continuous retracement mode. Early yesterday morning, the price of Bitcoin dropped to a low of $87,900, followed by a slight rebound in the morning, rising to $88,900; however, this price level faced significant resistance, and the rebound could not be sustained, leading to another drop. Throughout yesterday's daytime trading, Bitcoin operated around a downward trending range, with bearish sentiment dominating the market rhythm. By the evening session, it had fallen to a low of $86,530, but found support at this level and started to rebound. During the evening, the market attempted to break through $88,200 twice but failed to surpass this resistance level, with the rebound showing weakness. Currently, Bitcoin is fluctuating around $87,200, with overall bullish momentum showing signs of fatigue, and the short-term adjustment trend remains unchanged. The bearish trend continues to expand downward. This pattern is more pronounced at the hourly level, with the overall market operating below the zero line and bears holding the dominant position. The strategy remains unchanged for subsequent rebounds, with strong downward momentum.