The four-hour Bollinger Bands remain upwardly opening, with the upward channel intact, indicating the main bullish trend remains unchanged. After the price surged to 794, it faced resistance and pulled back, entering a phase correction. Currently, it is operating near the upper middle band of the Bollinger Bands, with short-term bullish momentum weakening and upward momentum stalling.



On the indicator side, the MACD is about to form a death cross from a high position, and the KDJ is moving downward in sync, releasing bearish energy. In the short term, the bears are dominant, the market is relatively weak, and there is still room for a pullback correction.

Bitcoin rebound around 78,500-79,200 is a short entry, with targets at 77,600-76,500.

Ethereum rebound around 2,330-2,370 is a short entry, with targets at 2,270-2,220.
BTC-0.09%
ETH-0.54%
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