$ETH Currently, the Bitcoin market is exhibiting a complex tug-of-war between bulls and bears. During the rebound process, Bitcoin has encountered strong resistance at the middle band of the daily Bollinger Bands, but the overall market still shows signals of bullish dominance. If the daily closing can successfully break through the middle band and maintain above it, the subsequent market is highly likely to challenge the previous high points around 120000, which is the upper band resistance of the Bollinger Bands; this position may become the key for both bulls and bears in the next round of contention.

Even though the intraday short positions have helplessly stopped losses, blindly chasing the rise below the middle band resistance still carries significant risks, as the operations are too aggressive. Analyzing technical indicators from different time frames, although the price on the 4-hour level has broken through the upper band resistance, at the current hourly chart level, the price quickly retreated below the upper band after a significant breakout. Meanwhile, the KDJ and RSI indicators have turned downward after being overbought at high levels, indicating a demand for short-term market pullback adjustments. #加密股IPO季 #美国加征关税 #ETH巨鲸增持