#隐私币生态普涨 I checked the $BTC trend today, and the daily chart pattern is indeed not very good.

The price has been dropping in a stair-step manner, and the last two bearish candles have directly engulfed the previous bullish candles, a classic bearish engulfing pattern. More worryingly, it has already broken below the lower Bollinger Band, and the EMA moving averages are starting to diverge downward. Looking at the MACD, the volume is shrinking but the chips are still increasing, with both DIF and DEA moving downward, indicating that the bearish momentum has not yet subsided.

On the 4-hour chart, it looks like an N-shaped retracement, with the Bollinger Bands opening downward.

Here are two trading ideas:
Aggressive traders can try short positions around 102,600;
Conservative traders should wait for a rebound to the 103,200-103,700 range before entering short positions, with a stop-loss above 104,200 for safety. The initial target is around the 101,000 level; if broken, aim for 100,000 and 99,000, with extreme cases possibly reaching around 98,000.

Manage your position sizes well, and avoid going all-in.