This upward movement is more of a technical rebound rather than a trend reversal. The price has repeatedly faced resistance in the high zone and has pulled back. From the four-hour candlestick chart, consecutive long upper shadows indicate heavy selling pressure at high levels, with bulls' attempts to push higher repeatedly thwarted. As the upward momentum gradually weakens, the market shows increasingly obvious signs of stagnation. Overall, short-term correction pressure is increasing, and the overall trend remains bearish.
Trading Suggestions: Bitcoin 68,600-69,100 range for short positions, target 66,500 Altcoin 2,070-2,090 range for short positions, target 1,930
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Thursday, 2.26 Afternoon BTC/ETH Silk Sharing
This upward movement is more of a technical rebound rather than a trend reversal. The price has repeatedly faced resistance in the high zone and has pulled back. From the four-hour candlestick chart, consecutive long upper shadows indicate heavy selling pressure at high levels, with bulls' attempts to push higher repeatedly thwarted. As the upward momentum gradually weakens, the market shows increasingly obvious signs of stagnation. Overall, short-term correction pressure is increasing, and the overall trend remains bearish.
Trading Suggestions:
Bitcoin 68,600-69,100 range for short positions, target 66,500
Altcoin 2,070-2,090 range for short positions, target 1,930