Bitcoin currently exhibits a clear bearish pattern. From a technical perspective, the daily ADX indicator exceeds 42, and on the 4-hour chart, it even surpasses 50. The price has already broken downward, and the previous bullish arrangement has completely collapsed. All these point to a clear signal: the bearish force dominates.



Regarding current trading opportunities, there are two strategies to consider. One is to short on rebounds, and the other is to follow the trend and short directly. The key support zone is around 88,000 to 88,500, while 90,000 to 90,500 serves as resistance and shorting points. For stop-loss placement, exit above 91,000.

Looking at targets, the first target is 88,000, the second target is lowered to 86,500, and the ultimate target points to the range of 75,200 to 75,500. Overall, there is little resistance for the bears; as long as it does not break above 91,000, there is a chance to head straight to 75,200.
BTC-0.14%
ADX0.66%
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