$BTC
At the 1-hour level, the price has broken below the middle band of the Bollinger Bands and is continuously oscillating in the middle-lower band range, with a clear bearish dominance and insufficient rebound momentum. Market trading is light.
At the 4-hour level, after a single bullish candle, there is a tug-of-war between bulls and bears, with the price running along the lower band of the Bollinger Bands, favoring the bears.
The current market is weak, and it is difficult to break through in the short term. It is recommended to focus on short positions during rebounds and to supplement with long positions on pullbacks.
Midday trading suggestion for Bitcoin: Short near 105500-106000, targeting around 103000, and if it breaks, continue to look downward.
