Good evening, the midday market has completed again, Bitcoin rebounded to the resistance line around 94904 and fell back to the low point around 91619. After the bears hit the bottom, they did not continue to give downward space, but instead pulled back to around 92000, showing a fluctuating pattern of consolidation. The market volatility is small, and short positions should be held patiently. I have noticed that some people are still complaining about the situation, saying this is not good and that is not good. With such a mindset, how can one succeed? Organize your mindset and find the right direction; I will help you regain confidence.

From the current market perspective, on the four-hour K-line chart, Bitcoin's K-lines are alternating between bearish and bullish, but the body parts are relatively short. This kind of oscillating adjustment within the range is actually accumulating strength for the subsequent breakout market. Looking at the technical indicators, the KDJ three-line shows a clear downward trend, and the MACD indicator's bars are also continually shrinking, all signs indicating that bearish strength is being strongly released; switching to the hourly chart, after the midday price of the coin dropped to 91619 and rebounded from the bottom, a slight pullback is a normal phenomenon. The Bollinger Bands are tending to be parallel, and the previous price trend's tight contraction pattern has been completely broken, gradually expanding outward, which may lead to more intense market fluctuations. Therefore, the evening operation approach remains unchanged, and it is recommended to continue placing short orders.

Bitcoin can be shorted between 92700-93200 in the early morning, with a target near 91000; Ethereum can be shorted between 1760-1790 in the early morning, with a target near 1670. #比特币 $BTC