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The recent market pulse has been quietly beating amidst the silence of the white plate. Each volume contraction after a long shadow stabilizes, and each surge in volume after a period of fluctuation represents a silent choice in trend after a tug-of-war. Good morning everyone. These days, I haven't updated promptly due to some personal matters, sorry about that. Things will return to normal later. First, let's review the evening market. During the evening, Bitcoin remained in a sideways to upward oscillation after opening, stretching from around 89,800 to 91,590 in the morning before facing resistance. Currently, it has slightly retreated to around 91,140, fluctuating up and down. Overall, it still appears to be in a predominantly upward phase.
Looking at the current chart, on the 4-hour timeframe, the market shows a trend of five consecutive bullish days with oscillating upward movement. After a brief stretch above the upper band, it faced resistance and pulled back. The three moving averages continue to rise, indicating a significant short-term bullish trend. On the 1-hour timeframe, the price is oscillating around the middle band, showing a short-term pattern of rising then falling. The upper band presents significant resistance, while the lower band provides short-term support. Both KDJ and RSI indicators are in overbought zones, suggesting a higher risk of short-term correction. The MACD lines maintain a golden cross, but the histogram narrows, indicating weakening momentum. The altcoin market moves in sync with Bitcoin, showing high correlation.
Therefore, the midday trading strategy should continue with the morning approach of buying low and selling high. Consider shorting near 91,100–91,600 for Bitcoin, and watch around 89,000 for altcoins, with targets near 31,40–31,70, and support at 30,50.