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After the early session's closing, the overall price action still shows some rebound momentum. The price currently peaked near 69,500 and faced resistance. At the same time, a short-term correction was given. After the lowest dip to around 68,800 in the early session, the price stopped falling. Currently, the price remains around 69,100 with sideways consolidation, providing room for further upward movement. In terms of trading strategy, it is consistent with Bitcoin's approach, but the second rebound once touched around 2,150 and then pulled back under resistance. Currently, the price is consolidating around 2,130. Also, half of the short-term longs were closed for profit in the early session. The 69,300 short position is still held, expecting further decline.
From the current market perspective, the daily chart shows a series of consecutive bullish candles recovering. Yesterday closed with a large bullish candle, and the intraday gains were mainly driven by the morning surge. The opening price was raised, but after a spike, it still formed a doji star candlestick. The market remains above the midline, but whether it can hold steady depends on future support. The KDJ indicator is currently at a high level with signs of turning downward.
Looking at the four-hour chart, the overall price remains within the upper band of the Bollinger Bands, consolidating around the 120-day moving average. The indicator is in an overbought state, and the Bollinger Bands are in a consolidation phase. The price is unlikely to see excessive upward movement; the white session will likely stay in consolidation to adjust the indicator ahead of the US stock market opening tonight.
For Bitcoin, consider shorting between 69,000 and 69,500, targeting around 66,000. For altcoins, consider shorting between 2,130 and 2,150, targeting around 2,020. #假期持币指南 $BTC $ETH