The hourly trend of Bitcoin shows a pattern of high-level fluctuation, with the price failing to form an effective breakthrough after multiple tests of the upper resistance, maintaining overall volatility below recent highs. Although there are occasional rebounds during the day, the market lacks sustained upward momentum, with both bulls and bears engaged in a tug-of-war in the high-level area. The current price repeatedly consolidates around key integer levels, with short-term volatility narrowing, reflecting that the market has entered a phase of adjustment after continuous upward movements, and market sentiment is becoming cautious.

From a technical perspective, Bitcoin is showing signs of stagnation in the short term. After several unsuccessful attempts to breach previous highs, a local top structure is gradually forming. The MACD momentum indicator remains positive, but the distance between the fast and slow lines is narrowing, and the histogram shows a decreasing volume trend, suggesting that upward momentum is gradually weakening. Additionally, the hourly candlestick has repeatedly formed long upper shadows, indicating that selling pressure from above is gradually increasing, leading to an accumulation of short-term pullback demand. If the price continues to be under pressure at the upper edge of the fluctuation range, it may further test the support area downward. It is recommended to adopt a short-term bearish approach, paying attention to the defense of key support levels; if broken, it may open up space for a pullback, and caution should be exercised regarding the risk of a high-level retracement.

Short near BTC 84800, watch below 83000

Short near ETH 1600, watch below 1530$