5.7 Midnight Thoughts

From the market analysis, Bitcoin currently presents an overall oscillating pattern. On the daily level, after the 'pin bar', although the bulls have regained some ground, the contraction of the Bollinger Bands indicates oscillatory characteristics. The price is between the middle and upper bands, with a clear dead cross formed by MA5/MA10 creating significant resistance. The bearish volume of MACD has somewhat decreased, and the three lines of KDJ are clustered around 50, with both bulls and bears in a stalemate, making the trend currently unclear. The candlestick shows signs of potentially closing in the red again, and short-term attention should be focused on the continuation of bearish strength around midnight.

On the four-hour level, the market maintains a narrow oscillation, with the price fluctuating between the middle and lower bands of the Bollinger Bands. The bulls and bears are evenly matched, and this stalemate has persisted for a long time without a clear one-sided direction. Although there was a rebound in the morning, it failed to effectively hold the gains, and the overall trend has shifted to a weak adjustment rhythm for the day, only slightly recovering some ground in the evening, with the short-term trend leaning towards weakness and the rebound momentum gradually diminishing. Currently, the price has rebounded to the upper level of the downward channel (around 95000), failing to break through the upper band resistance. This is a critical juncture for the highs, and if it faces pressure and falls back, it may continue the downtrend; if it breaks through the upper band, then strategy adjustments are necessary.

In summary, the operation should still focus on the rebound highs, paying close attention to the resistance effects at the downward channel, while maintaining stop losses and avoiding holding losing positions.

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Operating Suggestions

Bitcoin 95000-95300 nearby high, looking down at 93000

Altcoin 1800-1830 nearby high, looking down at 1760