This afternoon, the coin price continued its previous rebound trend as expected, approaching the 94,000 mark before giving a certain pullback for correction. The coin price has been consolidating and oscillating below 93,000. After the US stock market opened in the evening, the market experienced a wide fluctuation between bulls and bears, but currently, there is no clear direction. The market tested 92,000 and then quickly rebounded. The rebound continuation idea that I shared with everyone in the afternoon has also been accurately realized; the thinking has always been provided in advance. If you also have such a winning rate and market feel, aren’t you worried about not being able to obtain a stable income in the crypto world?
Looking at Bitcoin on the four-hour chart, the coin price broke through the upper track with consecutive bullish candles, then had a two-candle pullback for correction. It is not hard to see from the long shadows of the consecutive candlesticks that after the consecutive highs, the upward movement of the coin price has faced some obstacles. Currently, the overall candlestick pattern shows a certain top divergence, and the bullish trend has weakened somewhat. The demand for correction in the market continues to increase. The KDJ three lines on the four-hour chart have converged downwards, forming a death cross, and in the early morning, there is still a trend of further decline in the coin price. In the short term, looking at the hourly chart, after the price surge, there has been a continuous pullback correction with a bearish engulfing pattern. The current coin price has fallen back below the middle track. The current hourly MACD histogram shows a trend of increasing bearish volume gradually, but the Bollinger Bands are overall in a contracting state, so there is not much space for downward adjustment. The current short-term layout idea is mainly short, and after the close in the early morning, we still look at the continuation of the coin price rebound trend, focusing mainly on bullish layouts.
Short positions near 92,500 for Bitcoin, pay attention to 91,500. For Ethereum, short positions near 3,100, pay attention to 3,000.
