The hourly chart of Bitcoin shows the following characteristics: after a period of adjustment, the price has formed a range of fluctuations at a low level. Short positions have attempted to dip multiple times but have not been able to effectively break through the key support level, highlighting the strong resilience of this support area. At the same time, recent bullish line bodies have continued to expand, indicating that long positions are gradually accumulating strength. From the market sentiment perspective, if there are no significant unfavourable information disturbances at the macro level, long positions are expected to rely on the current support and take the opportunity of technical recovery to initiate a rebound, testing the key resistance level upwards.

Afternoon reminder to friends to short for a wave. Bitcoin has provided a space of 500+, and Ethereum's pullback has given a space of 30+. Friends who followed the strategy can gradually exit. Friends who haven't entered yet shouldn't rush to enter; the market is currently showing a fluctuating downward trend. At present, both coins have started to be in a tug-of-war, and we are waiting for further directional signals.
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