Last night, the market moved like this: Bitcoin started a rebound from the low point around 3142 and surged all the way to near 3272.
Looking at the four-hour chart, the bullish pattern is obvious, with prices staying close to the middle band of the Bollinger Bands. The resistance here is quite strong, making a short-term breakout difficult. On the one-hour chart, although the MACD is starting to form a golden cross and bullish momentum is being released, the pullback pressure remains, so we should not be complacent. My outlook remains bearish, mainly focusing on short positions in the high region.
Trading suggestion: Consider short positions in the 3250-3270 range, with stop-losses placed above, and target levels at 3130 and 3050 support levels.
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MidnightTrader
· 12-12 09:12
The middle band of the Bollinger, why does it feel harder than expected? It started getting stuck at 3272. This bearish signal seems to be quite reliable this time.
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BankruptcyArtist
· 12-12 02:20
The middle band of Bollinger is indeed a tough hurdle, and it feels like we're going to be stuck in a tug-of-war here again...
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GrayscaleArbitrageur
· 12-12 02:19
The middle band of the Bollinger is indeed a tough hurdle; it still feels like we need to wait for the right opportunity.
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ServantOfSatoshi
· 12-12 02:16
The middle band of Bollinger indeed acts as a hurdle; the rebound around 3272 feels a bit weak.
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GateUser-5854de8b
· 12-12 02:13
The middle band of the Bollinger is so tough, it can't break through... It seems we still need to keep pushing down.
Last night, the market moved like this: Bitcoin started a rebound from the low point around 3142 and surged all the way to near 3272.
Looking at the four-hour chart, the bullish pattern is obvious, with prices staying close to the middle band of the Bollinger Bands. The resistance here is quite strong, making a short-term breakout difficult. On the one-hour chart, although the MACD is starting to form a golden cross and bullish momentum is being released, the pullback pressure remains, so we should not be complacent. My outlook remains bearish, mainly focusing on short positions in the high region.
Trading suggestion: Consider short positions in the 3250-3270 range, with stop-losses placed above, and target levels at 3130 and 3050 support levels.
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