From the current market perspective, Bitcoin's 4-hour structural price has encountered resistance and declined after reaching the middle band. The rebound highs are gradually decreasing in a wave-like pattern, with space continuously narrowing, awaiting a directional breakout. Although there are slight signs of rebound on the hourly chart, the bullish continuation is insufficient, and momentum is weak. In the short term, it mainly remains in a wide range of fluctuations, and a strong one-sided market has not yet formed. Key attention can be paid to the evening movements.
In terms of operations, it is recommended to continue maintaining a short position on rebounds, specific references can be:
⚡ Bitcoin: short in the range of 113300–113800, target around 111500
⚡ Ethereum: short in the range of 4290–4320, target around 4200
Pay attention to risk control and be cautious in managing positions.
