Compared to current market trends, the daily chart has experienced a significant pullback with a large bearish candle after consecutive bullish rallies. Although the retracement is substantial, a single bearish candle is insufficient to establish a clear trend reversal signal. Therefore, a short-term pullback does not equate to a reversal of the overall trend.
Looking at the 4-hour chart, the price has consolidated after pulling back to the Bollinger Band lower rail support zone, indicating that downside space is increasingly limited. Consequently, it is inadvisable to blindly chase shorts at current low levels; caution should be exercised against potential bounces at any time.
Bitcoin: Consolidation near 91000-90500, fill at 90000, targeting 92000-93000#比特币六连涨
Compared to current market trends, the daily chart has experienced a significant pullback with a large bearish candle after consecutive bullish rallies. Although the retracement is substantial, a single bearish candle is insufficient to establish a clear trend reversal signal. Therefore, a short-term pullback does not equate to a reversal of the overall trend.
Looking at the 4-hour chart, the price has consolidated after pulling back to the Bollinger Band lower rail support zone, indicating that downside space is increasingly limited. Consequently, it is inadvisable to blindly chase shorts at current low levels; caution should be exercised against potential bounces at any time.
Bitcoin: Consolidation near 91000-90500, fill at 90000, targeting 92000-93000#比特币六连涨