The four-hour level market maintains a ladder-like downward trend, with prices running near the lower Bollinger Band. The bearish trend is strong, and prices have broken recent lows again. The bearish candlestick has a solid body, with no effective rebound from the bulls; after two consecutive bullish candles at the one-hour level, there is pressure leading to a pullback, and the bullish candlestick has a significant upper shadow. There is heavy selling pressure above, and the MACD indicator shows that the bearish downward momentum has not yet exhausted, indicating that the short-term rebound is a consolidation for a pullback. The morning operation still holds a high short strategy.
Tuesday morning strategy:
- Bitcoin: short near 110500, target 108000
