Compared to the current market trend, the daily chart shows a significant large bearish candle retracement after a series of consecutive bullish candles. Although the pullback is substantial, a single bearish candle is difficult to confirm a clear trend reversal signal, so short-term correction does not necessarily mean an overall trend reversal.
Looking at the 4-hour chart, the price has clearly stabilized after pulling back to the lower Bollinger Band support area, indicating that the downward space is now limited. Therefore, it is not advisable to blindly chase short positions at the current low levels, and caution should be exercised as the market may rebound at any time.
Bitcoin: around 91,000-90,500, with a dip to 90,000, and an upward target of 92,000-93,000#比特币六连涨
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Compared to the current market trend, the daily chart shows a significant large bearish candle retracement after a series of consecutive bullish candles. Although the pullback is substantial, a single bearish candle is difficult to confirm a clear trend reversal signal, so short-term correction does not necessarily mean an overall trend reversal.
Looking at the 4-hour chart, the price has clearly stabilized after pulling back to the lower Bollinger Band support area, indicating that the downward space is now limited. Therefore, it is not advisable to blindly chase short positions at the current low levels, and caution should be exercised as the market may rebound at any time.
Bitcoin: around 91,000-90,500, with a dip to 90,000, and an upward target of 92,000-93,000#比特币六连涨