Short-term trading continues to be treated with a low bullish stance
After intense competition between bulls and bears, Bitcoin's short-term volatility has become relatively stable, and the future direction will mainly depend on the sustainability of the bulls' counterattack momentum. From a technical perspective, although the overall market still maintains a bullish pattern, it is crucial to pay close attention to the operation of the market at the key position of the middle track of the 4-hour Bollinger Bands, as the effectiveness of this technical support will become an important basis for judging the short-term trend.
From a structural analysis perspective, the current bearish pullback still falls within the category of a secondary technical correction. This evening, we will focus on whether 104000 will lead to further breakdowns, and whether it will再次回踩跌入此前震荡区间. In the hourly chart, the indicator shape is turning upward, and we will continue to treat the key resistance at 104000 with the most conservative approach. Just ensure to set the stop loss at the bottom level around 103800.
