【BTC】1H timeframe:
Recently, US inflation and Federal Reserve expectations remain cautious,
while the situation in the Middle East and oil prices have introduced disruptions,
putting overall pressure on risk assets.
US stock market volatility will also affect BTC sentiment,
and buyers are not strongly inclined to chase higher prices.
On the chart, BTC has fallen steadily from the 66956 peak.
It is currently around 63950.
The price is trading close to the lower Bollinger Band,
and the Bollinger midline forms resistance above 64080.
This suggests that in the short term it is not a strong rebound,
but rather weak consolidation.
Direction: short at high levels.
Right now, the BTC short-term structure is weak.
Entry is around 64500.
Set the defensive level above 65300.
Initial target is around 62800.$BTC
Recently, US inflation and Federal Reserve expectations remain cautious,
while the situation in the Middle East and oil prices have introduced disruptions,
putting overall pressure on risk assets.
US stock market volatility will also affect BTC sentiment,
and buyers are not strongly inclined to chase higher prices.
On the chart, BTC has fallen steadily from the 66956 peak.
It is currently around 63950.
The price is trading close to the lower Bollinger Band,
and the Bollinger midline forms resistance above 64080.
This suggests that in the short term it is not a strong rebound,
but rather weak consolidation.
Direction: short at high levels.
Right now, the BTC short-term structure is weak.
Entry is around 64500.
Set the defensive level above 65300.
Initial target is around 62800.$BTC