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Yesterday, although the big brother pulled strongly, it was essentially an emotion-driven, impulsive rebound. The key resistance levels were not effectively broken through, and there was very obvious selling pressure above.
The four-hour chart shows this most clearly: after the price touched the upper band, it quickly fell back, with the bullish candles almost completely giving back their gains, and the bullish momentum was immediately extinguished.
The market has already returned to a bearish dominance. The wave of upward movement caused by external positive news was only a short-term disturbance and cannot change the overall weak pattern.
Once market sentiment recedes, the bearish forces will regroup. The current structure remains weak, and this rebound is not sustainable; it is essentially just a brief correction within the downward trend.
The future trend still leans downward, so continue to maintain a bearish outlook.
After Wednesday’s big brother, look to short at 70850-71350 during the subsequent rebound, with a target of 68500-68000!#BTC #加密市场上涨 #特朗普称伊朗战事接近尾声