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Friday Night Market Review
From the four-hour chart, Bitcoin has repeatedly faced resistance above the upper Bollinger Band during upward attempts, with bears taking advantage to push prices down. The upper Bollinger Band has become a clear ceiling. The current rally is starting to lose momentum, and the short-term bullish outlook may not be sustainable.
Switching to the one-hour candlestick chart reveals more clues—Bitcoin hasn't fully broken through the upper Bollinger Band yet and is already under pressure. Several rebounds have been followed by declines, with each rebound weakening. This indicates significant selling pressure above.
In terms of strategy, it is recommended to continue with the evening approach: focus on shorting rebounds below resistance levels.
Specific levels to watch:
- #大户持仓动态 Consider short positions around 88,300-88,800, with support at 86,500
- $BTC Consider short positions around 2,950-2,980, with support at 2,870
Currently, there are more opportunities for wave rebounds, so timing and rhythm are crucial.