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1.21 Bitcoin Intraday Sharing
Affected by news related to Trump, it continued to decline yesterday under pressure, once falling below the 90,000 level during the night, with a very clear bearish trend. In futures trading, there's no need to worry about bull or bear, the key is to follow the trend and identify the correct direction.
From the 4-hour chart, Bitcoin's downward momentum continues to be released, and during the night, the price again deepened its bottoming out, further opening the downside space. The Bollinger Bands' three lines are opening downward simultaneously, indicating that the bears are fully controlling the market rhythm.
ETH also shows a strong continuous decline, with the price directly breaking below the lower Bollinger Band support, and the overall center of gravity continuously shifting downward, with bearish momentum not weakening.
Today's trading strategy mainly focuses on shorting on rebounds.
Bitcoin suggestions:
- Consider short positions near the 90,000–91,000 range during rebounds,
- Target the 86,000–85,000 level.