The current cryptocurrency market is still in a phase of turbulent recovery, with the trend direction still in contention. On the daily chart, prices continue to operate near the lower Bollinger Band, with downward space gradually opening up. The lower band continues to extend downward, forming persistent pressure on prices, presenting a situation of probing the bottom under pressure, and bearish forces are gradually strengthening. In the four-hour chart, the three Bollinger Bands are synchronously moving downward, with a clear bearish dominance in the pattern and market sentiment being weak. Reviewing the evening market, prices rebounded near the middle band of the Bollinger Bands but encountered strong resistance, quickly falling back, indicating that this position has been established as a key short-term resistance level, also reflecting a significant exhaustion of market rebound momentum. Considering multiple time frame technical signals, the trading strategy for the future market tends to be consistent: it is recommended to use the middle band of the four-hour Bollinger Band as a key reference for resistance, to place short orders on rallies, and to continue the bearish outlook, seizing periodic downward opportunities. $BTC
BTCUSDT
Perp
89,874.8
+3.11%
ETHUSDT
Perp
3,013.53
+3.06%