It’s the same old story of testing—there hasn’t been much market sentiment. After the rebound during the day broke through and reached above the 65,000 area, the high extended to around 65,700. Then it met resistance and pulled back. From the afternoon onward, it has been repeatedly dipping to test the 65,000 support, and that support has held.
In terms of intraday momentum, the energy consumed in the first half of the day has essentially been restored by the afternoon. Therefore, there will inevitably be an acceleration in volume later in the evening. If you’ve already taken positions, hold onto your trades.
On the hourly timeframe: the price retraced to the bottom of the Bollinger Band middle line. Several rounds of downside testing were all met with rejection at this stage. So for future positioning, focus on how this level holds as support. On the four-hour timeframe: the consecutive red-candle (multiple-session decline) pattern has already formed. After the previous upswing briefly broke above the upper band, it quickly ran into resistance and then came under pressure again, showing a clear lower wick. The bearish side’s continuation strength is beyond doubt. If you’ve been following the daytime shorting idea, then your short positions can be held normally.
For BTC: target 63,500. For ETH: target 1,880. For SNDK: target 1,400.
#原油下跌约6% $BTC $ETH $SNDK
In terms of intraday momentum, the energy consumed in the first half of the day has essentially been restored by the afternoon. Therefore, there will inevitably be an acceleration in volume later in the evening. If you’ve already taken positions, hold onto your trades.
On the hourly timeframe: the price retraced to the bottom of the Bollinger Band middle line. Several rounds of downside testing were all met with rejection at this stage. So for future positioning, focus on how this level holds as support. On the four-hour timeframe: the consecutive red-candle (multiple-session decline) pattern has already formed. After the previous upswing briefly broke above the upper band, it quickly ran into resistance and then came under pressure again, showing a clear lower wick. The bearish side’s continuation strength is beyond doubt. If you’ve been following the daytime shorting idea, then your short positions can be held normally.
For BTC: target 63,500. For ETH: target 1,880. For SNDK: target 1,400.
#原油下跌约6% $BTC $ETH $SNDK