#Gate ETH 挖矿年化收益 5%# #加密IPO热潮#

Bitcoin's overall pace yesterday was relatively slow, with very limited volatility during the day, fluctuating around 114000. It was only when the U.S. stock market opened in the evening that a decent rebound occurred, peaking at 115651 before facing resistance, and the current price is at 115000. The market rhythm is still quite flat, with volatility within a controllable range. From the overall trend structure, the recent price shows characteristics of reaching a peak in a four-hour timeframe. Although there was a significant bullish candle, the bullish momentum is clearly constrained by the overhead pressure, and the upward momentum lacks continuity, leading to an adjustment phase afterward. Observing the Bollinger Bands indicator, the price did not break the upper band during the upward movement, and overall remains in a range-bound oscillation pattern. In the short term, although the moving average system shows an upward opening of three lines, combining this with overall structural analysis, there is currently a clear demand for a pullback. Considering various factors, today's trading strategy is primarily bearish, relying on the overhead pressure.