In the early morning, Bitcoin and Ethereum surged to 70,100 before facing resistance and pulling back. Currently, they are consolidating around 68,800; as long as the resistance above is not broken, the rebound is an opportunity to short.
The market attempted to break through the 70,000 level twice but failed to stabilize, then entered a narrow range of consolidation. The rebound momentum continues to weaken, which is not a sign of reversal; the hourly Bollinger Bands remain expanding downward, indicating that the bears are gathering strength and preparing for a breakdown.
Bitcoin is recommended to trade around 69,500-70,000, with a target down to 68,500-67,000. A breakout would suggest further downside. Altcoins are recommended to trade around 2,060-2,090, with a target down to 1,960-1,860. #贵金原油价格飙升 #伊朗局势升级 #深度创作营
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QianYutong
· 7h ago
Good luck and prosperity 🧧
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QianYutong
· 7h ago
Happy New Year 🧨
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QianYutong
· 7h ago
Wishing you great wealth in the Year of the Horse 🐴
3.3 Thought Analysis
In the early morning, Bitcoin and Ethereum surged to 70,100 before facing resistance and pulling back. Currently, they are consolidating around 68,800; as long as the resistance above is not broken, the rebound is an opportunity to short.
The market attempted to break through the 70,000 level twice but failed to stabilize, then entered a narrow range of consolidation. The rebound momentum continues to weaken, which is not a sign of reversal; the hourly Bollinger Bands remain expanding downward, indicating that the bears are gathering strength and preparing for a breakdown.
Bitcoin is recommended to trade around 69,500-70,000, with a target down to 68,500-67,000. A breakout would suggest further downside.
Altcoins are recommended to trade around 2,060-2,090, with a target down to 1,960-1,860. #贵金原油价格飙升 #伊朗局势升级 #深度创作营