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#美国证券交易委员会推进数字资产监管框架创新 From the daily K-line perspective, Bitcoin has occasionally rebounded, but the upward momentum has clearly weakened. Repeated attempts to break through the resistance levels above have failed, and the chart is full of long upper shadows—indicating strong selling pressure that buyers simply can't absorb. Liquidity is tightening, and the bears have completely dominated the situation.
Switching to the 4-hour chart makes it even clearer. Whenever the price touches the upper Bollinger Band, it gets hammered down, followed by a continuous decline. Trading volume increases accordingly, support levels are broken one after another, and all previous defensive lines are gone. Both short-term and medium-term moving averages are diverging downward, a typical bearish arrangement—confirming that the downtrend is now established.
Trading suggestions:
$BTC: Short around 85700-86200, targets at 84700 and 83300
$ETH: Short around 2830-2880, targets at 2780 and 2620
The technical outlook is clear, so caution is advised in the short term.
BTC keeps dropping back to this level, it feels like the main players are intimidating retail investors.
Those who shorted at 2830 have been wiped out. Now they want to keep shorting? I don't believe it.
A long upper shadow is a sign of distribution; this analysis isn't anything new.
Let's wait and see. This rhythm feels a bit off.
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The upper band of the Bollinger Bands has been broken, this time it really feels a bit weak.
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Wait, why hasn't there been any positive news from the SEC's framework push? Negative news is everywhere.
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The bearish arrangement is firmly suppressing the market, I think it's very difficult to turn around in the short term.
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Shorting at 85700 still feels a bit risky, we should wait for a more obvious signal.
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The selling pressure is so fierce... if this trend continues, we really can't hold on.
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Every time the support level is broken, my heart tightens, and next time it comes even faster.
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Be cautious +1, not chasing this wave.
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I agree with the view that liquidity is tightening, but leverage for shorting must be controlled.