#美国提高关税 On Friday, the market data really made people's hearts leap out! During the day, the fall was so severe that BTC was directly smashed down to around 80600, and ETH even tested the 2620 defense line. In the afternoon, there was a test, and then came a panic break in the evening. Unexpectedly, it started to recover and rebound in the later part of the night, with BTC pumped all the way to the 85500 area, and ETH also surged to 2805. This long and short range-bound battle was nerve-wracking.

From a technical structure perspective, the bearish atmosphere is still quite strong:

Although there have been three consecutive bullish candles on the four-hour chart rebounding, if you look closely at the K-line pattern, there are plenty of long upper and lower shadows, indicating that the pressure above is quite real. The panic from the previous breakdown has not been fully digested, and the upward momentum is clearly insufficient.

The hourly chart is more intuitive, with the price oscillating around the middle Bollinger band. Bullish candles are unable to push higher, while bearish candles are falling quite quickly. This kind of trend increasingly indicates that bears are in control.

If BTC rebounds to the range of 85000-85500 over the weekend, consider laying out a short strategy, with the first target at the integer level of 83000. If it breaks, continue to go down. Of course, position management must be done well, as this market is too volatile.