3:25 Midnight BTC/ETH Silk Road Thoughts
From a technical perspective, the 4-hour chart still shows a weak pattern. The rebound to the middle Bollinger Band is being pushed down, with the band opening narrowing, indicating weak rebound momentum. After a brief consolidation, bears regain control, and the downward rhythm becomes increasingly clear.
The 1-hour level is more direct—price cannot break above the middle band, and the middle band is moving lower, showing a typical bearish suppression structure. The current rebound is essentially correction, not reversal.
Summary: The trend hasn't chan
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