#BTC Bitcoin 1-Hour Chart 📊📊
Bitcoin started a slight rebound after confirming support around 62000 this week. Although the overall trend is moving within an upward channel, with the bottom gradually rising, the volume during this rebound has been consistently shrinking, indicating a serious lack of bullish support. After the first wave of the rebound reached a high of 67000, there are signs of short-term bearish momentum potentially restarting, with highs gradually declining. Waiting for the price to touch the mid-range area again is a good entry point for a short position.
🕯🕯 Trend Analysis:
Once the price hits the mid-range resistance at 64500—65000, it's time to go short, aiming to take profit around 62000.
Bitcoin started a slight rebound after confirming support around 62000 this week. Although the overall trend is moving within an upward channel, with the bottom gradually rising, the volume during this rebound has been consistently shrinking, indicating a serious lack of bullish support. After the first wave of the rebound reached a high of 67000, there are signs of short-term bearish momentum potentially restarting, with highs gradually declining. Waiting for the price to touch the mid-range area again is a good entry point for a short position.
🕯🕯 Trend Analysis:
Once the price hits the mid-range resistance at 64500—65000, it's time to go short, aiming to take profit around 62000.