On Tuesday, Bitcoin showed a generally oscillating upward trend throughout the day, dipping to a low of 79,715 in the morning before stabilizing, then continuing to fluctuate higher; around midday, it surged to a high of 81,278, then slightly retraced, falling back to a low of 80,480, and afterward resumed its upward movement. The second Bitcoin (altcoin) moved in sync with Bitcoin, maintaining a sideways upward pattern, rising from a low of 2,343 in the morning to a high of nearly 2,398 in the evening. During the day, we are still holding short positions on Bitcoin and Ethereum, waiting for a correction around midnight.
From a technical perspective, the hourly chart has shown key signals: when the price attempts to test resistance levels upward, it forms long upper shadows but fails to break through the resistance effectively, then quickly falls back and gives up the gains from the upper shadows. This clearly indicates that the current bullish momentum is weak, and the market has a strong tendency to retrace, with short-term downward pressure gradually becoming evident. Further analyzing from the four-hour chart, after the price touched the middle band of the Bollinger Bands, it failed to continue rebounding and pushing toward the upper band, instead encountering resistance at the middle band, confirming heavy selling pressure above. Combining the retracement signals from the hourly chart and the resistance pattern from the four-hour chart, the short-term market is likely to continue oscillating and consolidating, so the suggested trading strategy around midnight is to look for short opportunities on rallies.
Wednesday early morning Bitcoin: short around 81,500, target near 80,000
Wednesday early morning Ethereum: short around 2,380, target near 2,300
$BTC #美国寻求战略比特币储备