Bearish in the short term, bullish in the long term.
From the 4-hour chart, the Bollinger Bands show a contracted upward shape, starting to pull back after touching the upper band. The MACD moving averages and KDJ are moving upward. The price initially dips after consolidating, followed by a rebound, with a trend of upward movement in the channel; however, there is certain pressure in the short term. Therefore, it is suggested to focus on shorting during rebounds throughout the day.
Public account, Crypto Liuba (weekly analysis strategies for Bitcoin BTC and Ethereum ETH from Monday to Saturday, long-term recommendations for quality individual coins and live analysis)
Operation Suggestions
Support Level: 71000 - 71200
Resistance Level: 72800 - 73000
