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Waiting for the double top to retest the neckline for confirmation. Currently, the rebound is just beginning. Similarly, for assets with the same attributes, Little Yellow Fish keeps hitting new highs, while Bitcoin seems less impressive, with a 4.5% intraday dip. The daily chart shows a long bearish candle, mainly focusing on correction today. Pay attention to the 90,000 level, which is a key dividing line, with the momentum around the 3060 mark.
On the 4-hour chart, trading volume gradually decreases, MACD lines extend downward, and KDJ is in oversold territory with convergence. The hourly rebound shows even clearer volume contraction, with KDJ turning upward. Although this rebound lacks sufficient volume, it has not yet completed.
The intraday strategy is to go for the rebound bounce:
- Short around 89,800-90,000, add at 91,000, look at 88,000, with strong support at 84,500, and resistance above 91,500.
- Short around 30,030-50, add at 30,080, look at 29,000, with strong support at 27,800, and resistance above 31,120.
- Around 88,000 and 29,10, if there's a break without strength or structural change, it can be directly shorted.