#美联储回购协议计划 Market Review | Short-term long positions are a bit weak

Last night, Bitcoin rebounded after hitting a low of 86600, but the momentum of this rebound was not strong enough and was blocked at the key resistance level on the 1-hour chart. The price is now facing multiple pressures— the upper limit of the 1-hour channel, MA60, MA90, and MA280 are all piled up overhead.

Looking closely at the 1-hour K-line chart: the upper BOLL band is narrowing, indicating limited upward space; the green bars of MACD are shrinking, and the DIF and DEA are about to golden cross, which suggests that the bearish strength is weakening. However, the KDJ has shown a top divergence, and the rebound is likely nearing its end.

The 4-hour cycle is clearer. The trend is consistently suppressed, the lower BOLL band is still extending downwards, and the middle band exerts strong pressure on the price. The MACD red bars are shrinking, and the DIF/DEA maintain a death cross while continuing to open downwards—what does this mean? The medium-term bearish pattern hasn't changed, and the probability of continuing to oscillate downwards is greater.

The trading idea can be summed up in one sentence: short on highs.

Specific layout: Short near the positions of 88100 and 90100 during the Bitcoin rebound, aiming for targets around 87090 and 86500.

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