The oversold rebound continues after the sharp drop! The 4800 integer level faces pressure and pulls back; currently trading around the 4806 area. In the short term, bulls and bears are engaged in intense back-and-forth at elevated levels.

Market Review: After a rapid price dip in the early session, prices stabilized and held, showing a typical deep V-shaped rebound. Buying support from the bulls was relatively strong; at one point, price surged and nearly approached the 4850 area, but it was unable to continue holding above the high level. In the short term, profit-taking was realized, causing the price to pull back and trade in a range. Overall, the rhythm shifted from “sharp selloff and repair” to “tug-of-war at high levels.” The 4820-4850 range is a strong resistance zone, while 4750-4730 forms a key support zone.

Technical Signals: At the daily level, the MACD green histogram momentum gradually converges, and the KDJ indicator shows low-level golden-cross divergence; the oversold rebound structure is clear. However, at the 4-hour level, the upper band of the Bollinger Bands shows signs of a top divergence. The RSI indicator turns downward from the overbought zone, suggesting that short-term bullish momentum is weakening. Prices repeatedly consolidate around the 4800 level; in essence, it is a buildup process for a second round of directional selection between bulls and bears after a high-level shakeout.

Trading Strategy: The core idea is to sell short on strength. Short in the 4850-4870 range as well as the 4970-4950 range. Targets are 4780-4750. If it breaks below 4730, follow the move and add to the short positions, with targets below in the 4700-4680 range and further down. In the short term, strictly control position size, avoid chasing price higher, and seize the opportunity for a pullback during high-level consolidation.
#加密市场行情震荡