Midday Bitcoin Outlook!



In the past 24 hours, Bitcoin has experienced a "roller coaster" market, dropping to a low in the early morning and then technically rebounding to the 68,000 level. Currently, it is in a consolidation phase, and overall market sentiment remains fragile.

From a technical perspective, the four-hour Bollinger Bands are showing a sideways pattern, with moving averages in a bearish alignment. The overall trend still faces downward pressure. The daily RSI is at 43, not yet in the oversold zone, indicating the market is in a tug-of-war between macroeconomic concerns and structural demand. In the short term, the trend leans more toward downside, and the suggested trading strategy is mainly to short on rallies and buy on dips.

Consider short positions around 68,300 on rebounds, with targets around 67,200-66,500. $BTC $ETH $SOL #BTC能否守住6.5万美元? #TRUMP团队疑似抛售1606万美元代币
BTC-1,32%
ETH-1,09%
SOL-2,66%
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