#数字资产市场洞察 looked at the 4-hour K-line trend of Bitcoin. In the afternoon, it surged upwards relying on the fluctuation structure, but when it reached the key resistance at 90500, it began to face pressure and subsequently fell all the way down. Now it is fluctuating around 89700. Interestingly, the price range and the upper Bollinger Band completely overlap, and the Bollinger Band continues to widen. A long upper shadow is dragged above the K-line, indicating that short-term selling pressure is indeed accumulating at high levels.

After observing the situation for 1 hour, it is clearer. The price is currently gradually testing the support of the middle band of the Bollinger Bands, and the bearish momentum is continuously accumulating. Once this middle band is effectively broken, the downside space will fully open up. The KDJ has formed a high-level death cross in the overbought zone, and the signal is very clear — a short-term adjustment is needed. The trading volume is completely synchronized with the price decline, and the volume-price resonance is particularly significant.

I suggest placing short positions in the range of 89900-90500, with a target looking at 88000. $BTC is similar, shorting around 3030-3060, with a target pointing to 2950.