The K-line chart is merely a projection of emotions. When greed swells in the dead of night and fear spreads during a crash, those fluctuating numbers become a litmus test for human nature. There are no enemies in the contract market; the only opponent is yourself—the illusion that desires overnight wealth, the obsession that cannot accept losses. Bitcoin surged to around 95,500 in the early hours but faced resistance, causing the price to fall, currently retracing nearly 1,500 points, with the price now around 93,800.
From the perspective of the four-hour Bitcoin chart, the Bollinger Bands are flat, with the price hovering close to the middle band and unable to effectively break above the upper band, indicating weak upward momentum. If it falls below the middle band, it may test the lower band. The KDJ indicator shows signs of a death cross with the J value quickly declining, indicating an increase in short-term bearish strength. The MACD indicator has formed a death cross, with bearish bars continuing to expand, leading the bearish trend. Overall, various technical indicators are signaling bearish trends.
Bitcoin strategy: short around 94,200, target 92,500
Ethereum strategy: short around 1,800, target 1,730
