The afternoon market is moving relatively slowly in the short term, currently in a process of oscillating upward. When the price of the coin fell in the morning, we timely followed the trend of the coin price, and the price gradually stabilized at the bottom. The market will revolve around the bulls, and we will take advantage of a wave of price rebounds when the price rises. We started to position ourselves for Bitcoin around 79493 to go long. This wave of rebound gave us nearly four thousand points of space. We plan to exit when Bitcoin rises to 80187, which also captures nearly seven hundred points of space. After exiting, we follow Wenlu's practical operations, picking oil back and forth on the long and short road. As long as the market does not exhibit any bizarre patterns, the bulls and bears can basically capture profits. Our view of the market has never been just talk; it is always based on evidence. Each positioning is made after careful consideration. On the road to success, do not choose comfort. Those who successfully reach the shore have always put in unknown efforts behind the scenes. Now take action, and you will also have a side that others can be proud of.

From a daily perspective, the market structure has not changed significantly, and the downtrend remains strong. The current rebound is merely a correction after a sharp decline. It is expected that the market will continue to decline in the future unless the price rebounds and firmly stands above the 85000 area, which would prompt a reconsideration of strategy. In the short term, it is recommended to continue paying attention to the downward dynamics of the market. From a four-hour perspective, the Bollinger Bands are continuously narrowing. After a round of continuous declines, the immediate impact of news is gradually weakening. It is expected that a rectangular oscillation range will be established in the short term. Once the range stabilizes, the market will choose a new breakout direction. At the one-hour level, the price of the coin has risen to the middle track for consolidation and repair, maintaining a weak structure with insufficient bullish strength. The Bollinger Bands are opening downward, and the bears still dominate, making it difficult to bring about an upward breakthrough in the coin price. The panic sentiment in the market is gradually spreading, which will further exacerbate the decline in coin prices. Our bearish outlook remains unchanged, and the rebound provides us with an opportunity to short.

Bitcoin: 80500-81000 short target focusing on 78000

Other: 1900-1930 short target focusing on 1920#比特币走势分析 #比特币 #以太坊ETF批准预期 $BTC