The current price is fluctuating near the lower band. Under the background of the Bollinger Bands expanding downwards, if this position is effectively lost, the lower band will turn into a short-term resistance level, which may further open up downward space.
To reverse the weakness, it is necessary for the price to stabilize at the middle band and for the suburban volume to continue to expand; otherwise, the short-term will still continue the oscillating downward pattern.
The 4-hour chart of Big Pie currently shows a bearish dominant pattern, with the middle band of the Bollinger Bands continuously declining and forming a medium-term trend anchor. The upper band is expanding upwards, while the lower band is accelerating downwards, creating an overall opening that is diverging downwards, indicating that the momentum is still being released.
It has been running in the middle-lower band range for a long time, and each time it rebounds to the middle band, it encounters strong resistance and falls back. After the short-term moving average forms a dead cross with the medium and long-term moving averages, they move downwards in sync, creating multiple layers of pressure.
The volume structure also shows characteristics of "increased volume during declines, reduced volume during rebounds," indicating that selling pressure has not yet been fully released, and the buying support is relatively weak.
On the hourly level, a flat state of the running channel is formed, and after a downward test of the price, a gradual oscillation repair is established, showing a clear effect of long-short conversion.
Although the overall direction has surged and then retraced, the impact on short-term oscillations is strong, making it difficult to form a unidirectional continuation. However, under the rhythm of oscillating downwards, there is still a testing effect for lower levels.
From a technical perspective, on the four-hour chart, after the price surged, it has been gradually declining. Although it has not strongly turned bearish, it is gradually testing lower points, and currently, there is a certain demand for contraction in the pattern.
In terms of altcoins, there has been a nearly universal decline.
However, compared to the past, this situation is somewhat different. Historically, such a drop would have led to the collapse of many small coins, but currently, the situation is not as dire. This indicates that leveraged funds are not heavily distributed in altcoins; instead, Ethereum has absorbed most of the liquidity.
Therefore, in the short term, if considering buying the dip, it is still advisable to focus on mainstream coins rather than recklessly entering the small coin market. Following the flow of funds is a more prudent strategy. #币安HODLer空投PLUME #加密市场回调 #俄乌冲突即将结束? #Strategy增持比特币 #ETH质押退出动态观察 $BTC $ETH $XRP
From the 4-hour candlestick chart, the continuous bullish rebound seems to show a struggle from the bulls, but in reality, it is difficult to break the downward trend.
The Bollinger Bands continue to decline, with the middle band acting as strong resistance, and the price has no chance to even touch the middle band. Under the impact of multiple candlesticks with long upper shadows, it is powerless to rebound.
The market rhythm is clear, and the short-term rebound can be seen as a process of accumulation, but the overall outlook remains bearish.
The current market continues to weaken, with Bitcoin and Ethereum both hitting new lows of 114300 and 4192, respectively, followed by a rebound, currently experiencing low-level fluctuations.
In terms of technical structure, the bearish trend continues to decline, and the Bollinger Bands maintain a downward channel. As the highs and lows shift downwards, the bullish momentum is evidently weak in the short term, and the high short position remains unchanged in the afternoon.
From the hourly level, the market has been climbing upwards after breaking through the middle track of the Bollinger Bands, with all indicator moving averages turning upwards.
However, there is significant resistance from the moving averages above, the MACD dual lines are still below the 0 axis, and in the KDJ indicator, the K and J values have entered the overbought zone. Therefore, it is highly likely that the market will restart its downward trend after being hindered by a rebound.
For midnight operations, it is recommended to first pay attention to the strength of the rebound, and then choose the right time to make a high short position.
According to the current market situation, the four-hour level shows a typical weak rebound pattern. Although the price has rebounded to some extent after experiencing three consecutive bearish days, indicating a temporary resistance willingness from the bulls, the overall trend is still constrained by the continuous downward movement of the Bollinger Band's middle line. Additionally, the Bollinger Band is clearly expanding downwards, indicating that the bearish trend remains unchanged.
Combining with the moving average system which is arranged in a bearish manner, the price continues to operate below the middle line. Therefore, this rebound is more inclined to be a technical correction within the bearish trend rather than a trend reversal.
Although the lower track temporarily supports the price ratio, the overall downtrend of the Bollinger Bands remains unchanged, with the middle track continuously pressuring the rebound. If the lower track support is lost, the pullback space may further open up, leaning bearish in the short term.