Looking at the 4-hour chart, after the price consecutively forms doji candles followed by a large bearish candle dropping rapidly to near the midline, the current price fluctuates between slight bullish and bearish movements. The price is consolidating around the midline at a low level, and the 4-hour chart overall is still in a slow upward oscillation. Currently, the bulls and bears remain in a state of ongoing stalemate. Therefore, before any significant change occurs in the Middle East situation, we continue to expect the sideways consolidation to persist.

In the short-term hourly chart, the price has dropped five consecutive bearish candles below the lower band, quickly recovering most of the upward movement from yesterday’s slow rally. Afterwards, the price enters a low-level sideways consolidation and correction. The continuous long lower shadows on the smaller timeframes suggest a preliminary W-shaped double bottom pattern. The KDJ indicator shows signs of a golden cross and divergence upward. In the short term, we expect the price to rebound after hitting bottom. Today, the main strategy is to focus on high short positions.

For early trading, consider a range around 67,500-67,800, targeting 66,000-65,000.

For the oscillators, consider a range around 2,050-2,070, targeting 2,000-1,970.

The above analysis is based solely on technical reasoning by Sister Lin and does not constitute investment advice. The market carries risks; invest cautiously. #比特币btc #以太坊eth