Dear friends, due to personal matters, updates have been delayed recently. The situation has now settled down, and normal update rhythm will resume. Thank you all for your patience and attention.
According to the 4-hour level trend, although the price has shown a three consecutive bullish pattern after hitting the bottom, the upper and middle bands of the Bollinger Bands have both turned downwards, indicating that the overall market is still in a weak pattern, making it difficult to completely reverse in the short term. The current rise should be viewed more as a technical correction within the downtrend, rather than a signal of trend reversal. Looking at the 1-hour level, it shows a range-bound fluctuation, a stage of long and short competition, and with today being the weekend, it is highly likely that the current fluctuation pattern will not be broken in the short term. Patience is required to wait for the market to move before making an entry.
Operation suggestions:
Bitcoin: Short around 90500, target around 89500
