Yesterday's market rally was entirely driven by sudden positive news sentiment, with funds concentrated entering due to verbal guidance, causing a short-term sharp rise. However, this kind of non-technical-driven market movement lacks a foundation for sustained upward trends, and after the surge, it will inevitably undergo oscillation and digestion, making it difficult to develop a continuous trend.



From the four-hour perspective, despite the strong rebound momentum, the persistent upper shadow lines indicate significant resistance. The price failed to break above the upper band of the Bollinger Bands, and the overall downward pattern of the Bollinger Bands remains intact, meaning the bearish structure is still valid.

In terms of trading strategy, I adhere to a high-short approach, viewing rebounds as opportunities to short. The limit orders previously set have now successfully captured 1,000 points of profit, and trailing gains will follow naturally.

Trading suggestions: Short near 71200-71800, target below 70000-69400, with a break below 68000 or 66500.
BTC-2.71%
ETH-1.95%
SOL-2.41%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
林染vip
· 9h ago
1
Reply0
  • Pin