Bitcoin Technical Analysis and Trading Recommendations

1. Multi-level Technical Pattern Interpretation

1. Four-hour Level: Bitcoin is overall operating within a downward trend channel, with the upper and middle bands of the Bollinger Bands continuously diverging downwards. The bearish dominance has not fundamentally changed. Although the previous two consecutive bullish candles pushed the price close to the middle band, they failed to achieve an effective breakthrough; the subsequent candlestick's upper shadow further confirms that there is significant resistance at the middle band and above.

2. Hourly Level: Short-term pressure is more apparent, with the price continuously constrained by the key resistance level at the upper band of the Bollinger Bands at 111800. After a series of volume increases, bullish momentum has markedly weakened, and the market lacks subsequent buying support, leading to increased short-term correction pressure.

2. Trading Strategy Recommendations

• Overall Approach: Combining multi-level technical patterns, the current market is inclined towards bearishness, and intraday operations are suggested to focus on "high short".

• Specific Operations: It is recommended to establish short positions when Bitcoin price approaches around 112500, with target levels looking down to around 110000.#美联储降息预期 $ETH