A short-term rebound does not indicate a trend reversal. Yesterday, BTC surged to around 115900. Although the short-term trend is relatively strong, the Bollinger Bands on the 4-hour chart have been in a sideways movement. After several bullish lines attempted to break through the upper band, none succeeded, indicating clear resistance at the upper band.
Subsequent tracking of the upper band breakthrough situation is essential. Only an effective break can provide conditions for further upward movement. It is advised not to blindly chase long positions before the breakthrough; instead, wait for a pullback and plan long positions after the pullback is in place. Operational Advice: BTC rebounded to enter short positions in the range of 115800-116500, with a target of 114000-112500. Short Ethereum in the 4180-4230 range, targeting 4050-3900. #美联储降息预期升温
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
A short-term rebound does not indicate a trend reversal. Yesterday, BTC surged to around 115900. Although the short-term trend is relatively strong, the Bollinger Bands on the 4-hour chart have been in a sideways movement. After several bullish lines attempted to break through the upper band, none succeeded, indicating clear resistance at the upper band.
Subsequent tracking of the upper band breakthrough situation is essential. Only an effective break can provide conditions for further upward movement. It is advised not to blindly chase long positions before the breakthrough; instead, wait for a pullback and plan long positions after the pullback is in place.
Operational Advice:
BTC rebounded to enter short positions in the range of 115800-116500, with a target of 114000-112500.
Short Ethereum in the 4180-4230 range, targeting 4050-3900. #美联储降息预期升温