10.8 Evening BTC Market Analysis and Trading Strategy

The current BTC market shows obvious signs of weak fluctuations, with multi-timeframe signals pointing to a short-term adjustment trend. From a four-hour perspective, the market has been continuously consolidating narrowly above the lower Bollinger Band, with generally small K-line bodies, and leaving long upper shadows after multiple highs, reflecting concentrated selling pressure around the 123000 level and insufficient bullish momentum. Although the price volatility is limited, the MACD indicator maintains a downward death cross, and the RSI continues to operate at low levels, further confirming that the "weak fluctuation" pattern at this level remains unchanged.

Switching to the one-hour level, the trend signals are clearer. The price remains under pressure below the middle band of the Bollinger Bands, with candlesticks alternating in a "small bearish + small bullish" pattern, forming a clear chronic step-down structure. Although the key support level has not yet been broken and there are no trend reversal signals, the downward rhythm is steady. It is expected that the market will continue to exhibit a "volatile correction, gradually under pressure" trend. During the correction process, there may be slight rebounds, but it is difficult to change the overall weak tone.

trading strategy

• A rebound to the range of 122500-123000 can be used to set up short positions, with the first target looking towards 121500. If it breaks below, further attention can be given to the integer level of 120000.

• It is necessary to strictly set stop-loss, recommended to place it above 123300, to avoid triggering the stop-loss due to minor short-term rebounds, while controlling the position to cope with the volatility risk in the oscillating market. #BTC再创新高