Good evening everyone, I am Brother Meng. The Bitcoin price has slightly rebounded upwards today, with bulls reaching a maximum rebound around 93600 before starting to face pressure and pull back. Currently, the coin price is consolidating in the 93200 area, and the bulls show signs of weakness in their rebound. Before we see a significant pullback, we will continue to maintain a bearish outlook this evening.
From a technical structure perspective, the 4-hour K-line is operating between the middle and lower bands of the Bollinger Bands, and after three consecutive bullish candles, it has started to correct with bearish candles. The overall trend remains weak. We have previously mentioned that a rebound is not a reversal, and without breaking the high point, we still look bearish and short. In the short term, pay attention to the pressure testing situation in the 94000-94500 area for point operations. The current volatility is slowing down, so we will wait patiently.
Evening Silk Road Suggestions
Short Bitcoin at 93800-94300 with a target of 91500. If it doesn't break, we will reverse and go long.
Short Ethereum at 3440-3470 with a target of 3350. If it doesn't break, we will reverse and go long.
It is not easy to be a person, but never say give up; life is not easy, and it requires the courage to persist. Believe in yourself, believe in Brother Meng. The strength of being in the crypto circle through two rounds of bull and bear markets still exists. We will keep the wisdom! #比特币盘整分析 $BTC
