The 1-hour chart is clear and traceable. The price has tested multiple times with pullbacks but has not effectively broken the short-term consolidation pattern. Over the weekend, market activity was light and liquidity weakened, resulting in a lack of momentum for a breakout. The market remains within a consolidation range. The Bollinger Bands continue to narrow, indicating that the bullish and bearish forces are temporarily balanced, clearly suggesting that the short-term consolidation trend will persist. The overall bearish pattern remains unchanged, with no change in market logic, and the focus remains on high short positions.
Bitcoin: Range around 88300-88800, with a correction at 90300, and a downside target of 87300-86000#BTC
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The 1-hour chart is clear and traceable. The price has tested multiple times with pullbacks but has not effectively broken the short-term consolidation pattern. Over the weekend, market activity was light and liquidity weakened, resulting in a lack of momentum for a breakout. The market remains within a consolidation range. The Bollinger Bands continue to narrow, indicating that the bullish and bearish forces are temporarily balanced, clearly suggesting that the short-term consolidation trend will persist. The overall bearish pattern remains unchanged, with no change in market logic, and the focus remains on high short positions.
Bitcoin: Range around 88300-88800, with a correction at 90300, and a downside target of 87300-86000#BTC