#数字资产市场动态 Technical Analysis of Bitcoin

Bitcoin surged to 89,368 but started to weaken, failing to hold the 90,000 level. Looking at the 4-hour chart, although it broke through the upper band of the Bollinger Bands, the price is increasingly distant from the midline, and the divergence is a bit excessive. A technical correction is likely coming.

The RSI has already soared to 80.8, flashing overbought signals, and the bullish momentum is almost exhausted. The MACD still maintains a golden cross, but how long this can last is uncertain. Ultimately, this rebound is just a correction after the previous decline; don’t expect a reversal.

The short-term strategy is to short at resistance levels:
Enter short positions in the 89,700-89,500 range, with targets at 88,000 and 87,000.

For Ethereum, consider shorting at the 3,040–3,020 level, with support levels at 2,960 and 2,900.

(Just personal opinion, for reference only, don’t forget to manage risk)