The K-line chart is merely a projection of emotions. When greed swells late at night and fear spreads during a crash, those fluctuating numbers become a litmus test for human nature. There are no enemies in the contract market; the only opponent is yourself—those dreams of getting rich overnight, that obsession with not accepting losses. This afternoon, Bitcoin has not shown significant volatility and is still oscillating within the range of 94500-95000. Therefore, no trades have been made, and attention should be focused on the release of the small non-farm payroll data this evening, with the current price around 94900.
From the one-hour Bitcoin price chart, the price struggles to break the upper Bollinger Band and the opening is narrowing, indicating insufficient upward momentum for bulls; the KDJ indicator shows a death cross trend near the overbought area, releasing bullish power in the short term; the MACD indicator shows a shortening red bar, indicating a decline in bullish energy, and the DIF line may cross below the DEA line to form a death cross. In summary, the one-hour Bitcoin price trend is bearish, with a risk of downward movement.
Bitcoin strategy: short near 95500, target 93800
Ethereum strategy: short near 1820, target 1760
