Evening Thoughts

From the 4-hour level, the current price trend continues to form a short-selling arrangement after the previous decline, the market is in a strong bearish atmosphere, and the overall downward trend has not changed substantially. This shows that in the short term, the downward pressure on prices still exists, and it will take some time to build a solid and reliable bottom range to wait for the rebalancing and accumulation of long and short forces.

Looking back at recent market dynamics, in the past 4-day trading cycle, the number of negative lines has been as many as 3 times, and it has shown a downward trend. This is undoubtedly a direct reflection of the staged dominance of the market's short-selling forces. However, technical indicators and market sentiment often trigger a certain degree of repair demand after a continuous decline. It is speculated that there may be a possibility of a small rebound in the market in the short term, but given that the overall bearish pattern has not changed, it is expected that the magnitude of this rebound will be relatively limited, and it is difficult to form a trend reversal.

It is worth noting that the U.S. stock market is closed today, and the linkage of financial markets may reduce the activity of the cryptocurrency market, and trading sentiment tends to be cautious. Therefore, it is expected that the evening market will most likely be dominated by oscillating trends, and the price fluctuation range will be relatively narrow. Based on such market expectations, in terms of operation strategy, it is recommended to adopt a low-long strategy, that is, wait for the price to pull back to a relatively low level, and then intervene in long orders with a light position to seize the possible small rebound opportunities.

For the evening cake: 93000-92700, looking at 93700-94000

For the evening concubine: 3280-3260, looking at 3310-3330#比特币价格走势分析