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Last night, Bitcoin rebounded to 69000, then the bears took over, and there was a sharp dip back to 67300 in the early morning. ETH similarly dipped to 2020, with previous high-altitude short ideas all materializing as expected.
The current market remains weak, with Bitcoin continuing to break lows and rebounds lacking momentum. The hourly chart shows a one-way downtrend in stages, with the oscillation midpoint shifting downward. Long positions lack volume support, making a short-term reversal difficult. The 4-hour Bollinger Bands are opening downward, with the mid-band turning into strong resistance. Price oscillates and trends lower along the lower band, with indicators dead-crossing and diverging, and bears dominating the market. For subsequent operations, continue with the trend, maintaining high short positioning!
Bitcoin rebound 68500~69300 resistance, target lower at 67000-65500, break below then follow trend down to 63000
ETH rebound 2080-2120 resistance, target lower at 2010-1910#Gate13周年全球庆典 $BTC $ETH