On the market data, the price has closed with two consecutive bearish candles, indicating that short positions are increasingly dominating the pattern. The Bollinger Bands are expanding, with the middle band and lower band showing signs of turning downwards, suggesting that downward pressure is increasing. From the technical indicator MACD, the fast and slow lines have formed a death cross above the zero line, with the red energy bars continuing to increase in higher trade volumes, indicating that long positions are gradually losing momentum and short positions are accumulating, while the downward momentum has not yet been fully released.



Switching to the 1-hour timeframe, the Bollinger Bands are continuously moving downwards, and the price has temporarily broken through key support levels, further confirming a short-term bearish trend. Although long positions had attempted to rally to recover lost ground, insufficient trade volumes led to a weak rebound, indicating that this rebound is more likely a technical correction rather than a trend reversal signal. It is expected that after a slight rebound correction, the price will continue to trend downward.

The afternoon trading strategy continues with the midday strategy, recommending to focus on shorting on rebounds at high points:

Bitcoin: The range of 88000-88500 can be traded.

Auntie: The range of 2980-3050 can be traded.
BTC-0.51%
ETH-0.96%
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