Yesterday, BTC (Bitcoin) experienced a volatile rebound after pulling back to around 74,450. On the four-hour chart, the price briefly broke through the 80,000 level but was constrained by the middle band of the Bollinger Bands. After a surge during the night, it failed to effectively stabilize and ultimately formed an upper shadow before retreating.
Currently, the structure still shows upward momentum. The bearish momentum of MACD has significantly weakened, with the two lines showing signs of turning below the zero axis, indicating potential for further rebound technically. If it can break and stabilize above the 80,000 level again in the short term, it is expected to open up upward space.
Trading suggestions (for reference only):
If the price pulls back to around 79,900, consider entering a short position, with a target of 81,900 and a stop loss controlled within 1,000 points, ensuring proper position and risk management.
