In the 4-hour trend, after Bitcoin's price reached the interim high of 90,400, it closed with a long upper shadow bearish candle, initially forming a double top pattern. At this point, the upper band of the Bollinger Bands becomes a strong resistance level. After the price broke below the short-term upward trend line, the support strength of the middle band of the Bollinger Bands also became uncertain. Moreover, the price failed to break through the previous high after retesting, indicating that the technical conditions for a bearish correction have been met.



Trading suggestions:
Bitcoin: Short near 88,900-89,500, target 87,000, 86,000.
Altcoin: Short near 2,990-3,020, target 2,850, 2,750.$BTC $GT $ETH #2025Gate年度账单 #DrHan2025年终公开信
BTC1.22%
GT0.29%
ETH1.01%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
婉茹猎金女王丶vip
· 3h ago
Just go for it💪
View OriginalReply1
婉茹猎金女王丶vip
· 3h ago
Experienced driver, guide me 📈
View OriginalReply1
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt