From the 4-hour timeframe, the price has not formed an effective stabilization structure after the decline. During the rebound, trading volume continued to shrink, and multiple attempts to push higher were unsuccessful.
The current correction is definitely not a reversal signal; instead, it is a typical downward pattern, and Bitcoin is likely to experience a second dip in the future.
Bitcoin suggestion: Short around 93200-93600, target around 90200-91000
Altcoin suggestion: Short around 3200-3230, target around 3080-3120
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.
From the 4-hour timeframe, the price has not formed an effective stabilization structure after the decline. During the rebound, trading volume continued to shrink, and multiple attempts to push higher were unsuccessful.
The current correction is definitely not a reversal signal; instead, it is a typical downward pattern, and Bitcoin is likely to experience a second dip in the future.
Bitcoin suggestion: Short around 93200-93600, target around 90200-91000
Altcoin suggestion: Short around 3200-3230, target around 3080-3120