Brothers and sisters, look at this 1-hour chart, BTC is still consolidating!
The Bollinger Bands are opening downwards, and the price is being pressed against the lower band, with the MACD's DIF and DEA still lying below the zero axis. Although the green bars have slightly shrunk, the bears are still in control. Combined with the on-chain data I'm monitoring (the addresses with large transfers to exchanges are increasing) and the recent news (there's no substantial positive stimulus), it's difficult to expect a direct V-shaped reversal in the short term.
Structurally, this is just a weak consolidation, with rebounds not even reaching the middle band, indicating that the bulls are hesitant to enter the market. I have been reminding everyone not to rush into bottom-fishing; trends are not guessed, they are formed. My view remains unchanged: the consolidation is biased towards weakness, and the probability of continuing downwards to seek support is greater.
Don't be fooled by a rebound of a point or two; keep your hands steady! Wait for a clear right-side signal—such as a breakout with volume above the middle band and a stable position, or the MACD forming a golden cross above the zero axis. The market is never short of opportunities; what it lacks is patience.
Remember, the market always rewards those who are disciplined. This is my view; let the market validate it. Stay steady, we can win.
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