On the road to success, $BTC may be lonely, but once you arrive, all the efforts will be worthwhile. Don't choose comfort at an age when you should be striving; bravely embrace challenges. Every breakthrough is a transcendence of oneself. In the early morning, Bitcoin's market saw a gradual rebound after hitting the bottom, recovering during the morning hours. By midday, the price of Bitcoin warmed up to around 114,000, which again faced downward pressure. The tug-of-war between bulls and bears continues. A slight pullback quickly turned into a bullish trend, and currently, the price of Bitcoin is again stabilizing around 114,000. The strong rise of Ethereum in the afternoon was also within our expectations. It peaked at around 3661 and faced resistance. It is still oscillating around the high level.

Looking at the four-hour cycle, the price has shown a four consecutive bearish trend, quickly retracting to the middle track. During this time, the lower shadow briefly pierced the middle track but failed to form an effective breakthrough and stabilize below. Currently, the price is still oscillating near the middle track. At the same time, the price has fallen back within the previous range of oscillation, and the tug-of-war between bulls and bears has returned to a stalemate. From the MACD indicator, the fast and slow lines on the four-hour chart are gradually converging, with a death cross pattern poised to emerge, and the energy bars continue to shrink, indicating a significant lack of bullish momentum. In summary, after the price of Bitcoin attempted to break the 120,000 mark but failed and showed a pullback, the bullish strength has significantly weakened, and the bears have gradually taken control of the market. In the short term, on the hourly level, various technical indicators are accelerating downward, and the price has broken below the lower support, showing a brief oversold downward trend. Based on the current market pattern, Lao Chen suggests maintaining a bearish outlook, focusing on short positions while seizing opportunities for the continuation of bearish trends.

Bitcoin: Short near 114,500 Target 112,000

Ethereum: Short near 3,650 Target 3550#加密市场回调 #币安Alpha上新 #美国加征关税