Monday Morning🧭

Today, the Bitcoin has not stabilized at 106300. The bearish trend continues, with no breakthroughs on either side, and resistance is tightening, awaiting confirmation for a directional move in the market.

Four-hour K-line chart: Broke below the middle band, slight rebound is weak and unable to return, heavy selling pressure, continuing to weaken and decline. The Bollinger Bands are converging, and the distance between the upper and lower bands is narrowing, awaiting direction confirmation. The K-line has long shadows, still under pressure from the middle band, indicating a weak market.

Trading Suggestions

Bitcoin: Short near 105500 - 106000, target 104000 - 103500

Altcoin: Short near 2560 - 2590, target 2480 - 2430 #大盘走势