Weekly K closed with a bearish doji star, Bitcoin should be cautious of pullback risks!

Last week's K closed with a bearish doji star, the rebound is pressured by the upper track and the previous high of 110,000, while the KDJ three lines are converging forming a dead cross, and the RSI is turning downwards. Therefore, this week do not be too aggressive in chasing the rise, it is necessary to guard against the risk of pullbacks. The daily K Bollinger Bands are narrowing, with both the upper and middle tracks closing downwards, and the price has been under pressure from the Bollinger middle track for three consecutive days on Friday, Saturday, and the weekend. The MACD bears continue to expand, the KDJ dead cross is running downwards, the RSI is turning downwards, indicating a need for a second bottom test, with a focus on short positions in operations.

On the short-term 4-hour level, the Bollinger Bands are severely narrowing, with the upper track continuously pressing downwards, but the lower track is rising. The price needs to drop below 104,500 to open up downward space. For intraday operations, focus on short positions, with resistance at 105,500 and 106,500. Enter short positions on rebounds here, targeting down to 104,500, 103,500, and 102,500.

For Ethereum, watch the resistance above at the 2,550 and 2,600 areas, short positions can be entered here, targeting down to 2,500, 2,450, and 2,400.

Personal opinion, for reference only! #以色列伊朗冲突