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#密码资产动态追踪 Recently, the 4-hour chart shows a somewhat clear trend, with the overall sentiment leaning bearish. The candlestick pattern has formed a bearish engulfing, and the short-term moving averages are also starting to turn downward. These two signals together essentially lock in the recent bearish pattern. Although the price has approached the key support level at 89588.1 below, the resistance above remains quite strong.
However, there's a detail worth noting — although the short-term bears are in control, the overall price is still trading above the long-term moving averages, meaning the medium- to long-term upward structure has not been broken. This leaves room for a rebound after a sharp decline. Currently, both bulls and bears are watching the resistance zone between 89630.8 and 90364.2, as the price has encountered significant selling pressure around this area.
Since the market is clearly in a correction phase and the price has rebounded to a key resistance zone, the strategy for the afternoon should be to follow the trend. The main approach is to short on rallies, entering short positions as the price reaches resistance levels, and then patiently wait for the price to peak and pull back.
Reference levels:
● Bitcoin: Short around 90800-91300, targeting 89500-89000
● Ethereum: Short around 3140-3160, targeting 3080-3030
$BTC $ETH The subsequent movement will depend on whether it can break through this resistance zone; if it cannot, the outlook remains bearish.
If we can't break through the resistance band, I'll keep looking for a short. It's easy to say, but what if there's a sudden surge?
This support level at 89588 feels somewhat weak.
Engulfing pattern + moving average turning down, it's a bit fierce, but I still want to see if we can hold the long-term moving average.
It's again a time of bullish and bearish stalemate. This kind of market is most easily manipulated.
Shorts between 90800-91300, I just want to know if this will be another false breakout this time.
Why is every analysis so confident? The market isn't that obedient.
Trading short positions on rallies still requires paying attention to the rhythm; the 89630 level can indeed hold.
The long-term moving averages are still above, so the rebound space depends on its mood. Let's wait and see the show this afternoon.
If it can't break through the resistance zone, continue to look for short opportunities. This logic is sound; I'm just worried about a pullback playing tricks.
Short-term bears, long-term still not cooled off, caught in the middle is a bit uncomfortable.
The entry point at 90800-91300 is good; if you can hit the mark precisely, you'll make a lot.
$BTC The key going forward still depends on whether this resistance zone can hold; if it's broken, a reversal is basically confirmed.