Midnight chart shows narrow-range consolidation and a pause after oversold conditions; rebound should not be mistaken for a trend reversal.
Although the bears failed to carry on, the expected rebound space is still within the anticipated range, and there has been no substantive change to the short- and medium-term trends. On the surface, it appears to probe lower with increased volume, but in reality the downside has been limited. At higher timeframes, the market is still in a continuing downward structure. The daily timeframe closed with a small bullish cross (small-bodied doji), indicating a corrective intent, but the strength is weak. Overall price action remains bearish; the repeated long upper wicks further confirm that the bulls’ pullback is only a retracement within a bearish setup. On the 4-hour timeframe, it is in a weak consolidation phase, waiting for further acceleration in volume expansion. For now, it is still weak and ranging. Next week, we continue to expect a volume-expansion acceleration to probe lower; rebounds are opportunities to enter short positions.
Overnight trading suggestions
BTC: 63300-63800 zone, target around 62500-61500
ETH: 1900-1920 zone, target around 1855-1830
In a ranging market, it’s easiest for complacency to grow. A few small bullish candles do not mean the trend has reversed. Distinguish between “repair” and “reversal,” stick to your own trading system, and be able to withstand the loneliness—only then can you protect your profits.#BTC #SEC审查6只3倍杠杆商品ETF #SpaceX股价涨至140美元 #美国拟迫各国在美中AI阵营选边 #标普500首破7800点创新高
Although the bears failed to carry on, the expected rebound space is still within the anticipated range, and there has been no substantive change to the short- and medium-term trends. On the surface, it appears to probe lower with increased volume, but in reality the downside has been limited. At higher timeframes, the market is still in a continuing downward structure. The daily timeframe closed with a small bullish cross (small-bodied doji), indicating a corrective intent, but the strength is weak. Overall price action remains bearish; the repeated long upper wicks further confirm that the bulls’ pullback is only a retracement within a bearish setup. On the 4-hour timeframe, it is in a weak consolidation phase, waiting for further acceleration in volume expansion. For now, it is still weak and ranging. Next week, we continue to expect a volume-expansion acceleration to probe lower; rebounds are opportunities to enter short positions.
Overnight trading suggestions
BTC: 63300-63800 zone, target around 62500-61500
ETH: 1900-1920 zone, target around 1855-1830
In a ranging market, it’s easiest for complacency to grow. A few small bullish candles do not mean the trend has reversed. Distinguish between “repair” and “reversal,” stick to your own trading system, and be able to withstand the loneliness—only then can you protect your profits.#BTC #SEC审查6只3倍杠杆商品ETF #SpaceX股价涨至140美元 #美国拟迫各国在美中AI阵营选边 #标普500首破7800点创新高