Analysis Early Saturday Morning
Currently, after three consecutive bearish candles on the four-hour chart, there is a bullish rebound, operating at the lower Bollinger Band. The continuation of both bulls and bears is weak, with small fluctuations, and the market has entered a phase of time for space adjustment.
On the one-hour chart, there is a rebound with two consecutive bullish candles, but the upward pressure is heavy, and the bears are still present, causing a slowdown in upward movement. The Bollinger Bands are narrowing, and the MACD fast and slow lines are converging, with a focus on high shorts.
Trading Suggestions
Bitcoin: Short in the range of 116500—116800, target 115000.
Altcoin: Short in the range of 3660—3680, target 3550#BTC .
