Evening Review

Review and Strategy: Seeking Opportunities in Triangle Consolidation, Setting Up Shorts at Rebound Resistance

Yesterday’s market action matched the forecast perfectly, showing a clear rhythm of first dipping then rising: price bottomed out at the key support level of 87,800, then rebounded strongly, eventually recovering to around 91,800. The tug-of-war between bulls and bears was evident.

Currently, the four-hour chart shows high-level consolidation with a bearish bias. The short-term battle between bulls and bears has entered a fever pitch, with clear divisions of core support and resistance zones and increasingly fierce competition at key levels.

Looking back recently, after a sharp decline, the market is now consolidating in a relatively low range. Technical indicators provide clear directional guidance—KDJ indicator shows a bearish crossover with the K line crossing below the D line. This not only signals a short-term market oversold warning but also suggests that bearish momentum may continue. Combined with the current candlestick patterns and volume changes, the technical outlook remains bearish, and short-term downward momentum has not been fully released, leaving further downside potential.

BTC: Short between 91,800-92,500, target around 90,000.
ETH: Short between 3,100-3,150, target around 3,000. #比特币活跃度走高