During the weekend, the market trend showed a continuous oscillating weakening trend, with a volatility of less than 1000 points. There were no effective trading opportunities for swing trading. After the rebound and surge to the 95500 level, the price quickly retreated. The short-term bullish momentum has already shown signs of fatigue, and the upward driving force has been completely exhausted.
In the current oscillating pattern, the bearish signals are very clear. The price remains under pressure below the middle band of the Bollinger Bands, with multiple rebound attempts being precisely suppressed, showing no signs of breaking through. Therefore, the focus should be on rebounds to the high points.
Bitcoin: Range around 92800-93300, with a correction at 93800, and a downside target of 91800-90300#btc
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During the weekend, the market trend showed a continuous oscillating weakening trend, with a volatility of less than 1000 points. There were no effective trading opportunities for swing trading. After the rebound and surge to the 95500 level, the price quickly retreated. The short-term bullish momentum has already shown signs of fatigue, and the upward driving force has been completely exhausted.
In the current oscillating pattern, the bearish signals are very clear. The price remains under pressure below the middle band of the Bollinger Bands, with multiple rebound attempts being precisely suppressed, showing no signs of breaking through. Therefore, the focus should be on rebounds to the high points.
Bitcoin: Range around 92800-93300, with a correction at 93800, and a downside target of 91800-90300#btc