Following the high-altitude trading advice given this morning, the market has entered a weak rebound phase as expected. Bitcoin oscillated and recovered from the early low, reaching just below 89,000, but the rebound momentum was clearly insufficient, failing to break through the 89,000 resistance. The altcoin trend is similar; although it rebounded to around 2,960, it failed to stabilize and retreated again. Overall, the morning rebound structure is weak, with trading volume not effectively increasing, representing a typical technical correction after an oversold condition, creating opportunities for subsequent "high-altitude" operations.
From key indicators, the market remains in a bearish pattern. The 4-hour chart of Bitcoin shows a standard bearish alignment of moving averages, with prices suppressed below all major averages. In terms of momentum indicators, the daily RSI remains in the bearish zone at 39, and the MACD continues to show a bearish crossover, indicating that downward momentum has not yet been exhausted. Key resistance has shifted down to the 88,500-89,000 range, which is the short-term support and resistance boundary. For the altcoin, attention should be paid to whether it can re-establish above 2,950, with a critical support level below at 2,780-2,800.
In summary, on the downside, Bitcoin needs to closely monitor the buying support strength between 85,000 and 88,000. If a volume-driven breakdown occurs, the downward space will further open. Until the price effectively breaks through and stabilizes above the above key resistance levels, all rebounds should be regarded as corrections, with trend-following operations being the main approach. #内容挖矿焕新公测开启 $BTC
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Following the high-altitude trading advice given this morning, the market has entered a weak rebound phase as expected. Bitcoin oscillated and recovered from the early low, reaching just below 89,000, but the rebound momentum was clearly insufficient, failing to break through the 89,000 resistance. The altcoin trend is similar; although it rebounded to around 2,960, it failed to stabilize and retreated again. Overall, the morning rebound structure is weak, with trading volume not effectively increasing, representing a typical technical correction after an oversold condition, creating opportunities for subsequent "high-altitude" operations.
From key indicators, the market remains in a bearish pattern. The 4-hour chart of Bitcoin shows a standard bearish alignment of moving averages, with prices suppressed below all major averages. In terms of momentum indicators, the daily RSI remains in the bearish zone at 39, and the MACD continues to show a bearish crossover, indicating that downward momentum has not yet been exhausted. Key resistance has shifted down to the 88,500-89,000 range, which is the short-term support and resistance boundary. For the altcoin, attention should be paid to whether it can re-establish above 2,950, with a critical support level below at 2,780-2,800.
In summary, on the downside, Bitcoin needs to closely monitor the buying support strength between 85,000 and 88,000. If a volume-driven breakdown occurs, the downward space will further open. Until the price effectively breaks through and stabilizes above the above key resistance levels, all rebounds should be regarded as corrections, with trend-following operations being the main approach. #内容挖矿焕新公测开启 $BTC