Friday Thought Analysis

The market briefly dropped to the key support level around 91000. Then a V-shaped rebound occurred, indicating strong support below. Although the support level has not yet been broken, its stability remains under test in the long term. From the hourly chart, bullish momentum has not significantly increased, and its sustainability is questionable. At the same time, although the middle line of the Bollinger Bands has briefly moved upward, it has not been able to stabilize, so it cannot be regarded as a true trend reversal. At midnight, we also positioned for short orders, accurately grasping the stable downward trend!

From the technical indicators analysis, the MACD indicator on the hourly chart is in the negative region, with both the DIF line and DEA line diverging downwards. This pattern is a typical short-term bearish signal, indicating that bearish forces still dominate in the short term. Looking at the EMA moving average system, all three lines are showing a downward trend, and the price of Bitcoin is below all moving averages, further confirming the current overall bearish trend. According to this trend, the price of Bitcoin seems to continue to decline. However, the market is always full of uncertainties. Actual trading operations should be the standard!

Layout the thoughts accordingly.

Bitcoin rebound short at the 94000-93500 range, looking down to 91000-90000.

If it breaks 90000, it may continue to decline, and if it cannot stabilize, it may rebound.

Ethereum rebound short at the 3300-3270 range, looking down to around 3150-3100.