Evening of February 11th: Short on rebounds

After the daytime rally to around 69,200, the bearish momentum decreased and the price fell to around 66,500, entering a consolidation phase. Currently, on the daily chart, the bearish trend is shrinking with divergence, forming three consecutive downward candles, and the MACD indicator remains downward. On the four-hour chart, bearish momentum is increasing, forming five consecutive downward candles, with the price trading below the lower Bollinger Band. The hourly chart shows continued sideways adjustment within the bearish zone. The overall trend is downward. Tonight, it is recommended to follow the trend and go short on rallies, entering short positions at higher levels.

Trading Suggestions

Short when the price rebounds to the 67,500–67,800 range, with targets at 65,500–65,000
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Short in the 1,970–1,980 range, with targets at 1,900–1,850#Gate春节赛马红包嘉年华 #当前行情抄底还是观望？ #白宫稳定币收益讨论会议