Monday Strategy Analysis
From the current market structure, BTC is not yet in a strong reversal pattern. Instead, it is a renewed rejection after a low-level rebound. After the 1-hour price rebound, it is still below MA7 and the BOLL midline, indicating that the short-term correction has not fully turned bullish. On the 4-hour timeframe, the moving averages continue to press downward, and the price has not reclaimed the key resistance area. Overall, the structure remains weak.
In terms of indicators, although the MACD on the 1-hour chart shows signs of recovery, the strength is insufficient; on the 4-hour chart it remains weak. After the RSI rebounds into the mid-to-upper range, the advantage of chasing longs declines. The KDJ on the short term is positioned somewhat high, making it prone to a spike followed by a pullback. Overall, as long as BTC cannot reclaim the level above 59880, the short-term outlook should be treated as bearish.
Trade recommendations:
Direction: Bearish
Entry: 59500-59650
Stop loss: 60200
Take profit 1: 58750
Take profit 2: 58050
From the current market structure, BTC is not yet in a strong reversal pattern. Instead, it is a renewed rejection after a low-level rebound. After the 1-hour price rebound, it is still below MA7 and the BOLL midline, indicating that the short-term correction has not fully turned bullish. On the 4-hour timeframe, the moving averages continue to press downward, and the price has not reclaimed the key resistance area. Overall, the structure remains weak.
In terms of indicators, although the MACD on the 1-hour chart shows signs of recovery, the strength is insufficient; on the 4-hour chart it remains weak. After the RSI rebounds into the mid-to-upper range, the advantage of chasing longs declines. The KDJ on the short term is positioned somewhat high, making it prone to a spike followed by a pullback. Overall, as long as BTC cannot reclaim the level above 59880, the short-term outlook should be treated as bearish.
Trade recommendations:
Direction: Bearish
Entry: 59500-59650
Stop loss: 60200
Take profit 1: 58750
Take profit 2: 58050
