2.4 Wednesday Analysis of Bitcoin

The four-hour price level has already broken below the key support at 78,000. In the short term, it is under dual pressure from the MA144 and MA169 moving averages. The downward channel is clear, and the MACD indicator's red histogram continues to shrink. The DIF and DEA lines remain below the water, indicating insufficient momentum. The KDJ indicator is in the oversold area but has not yet formed a valid golden cross. The rebound strength is relatively weak. In the short term, focus on the effectiveness of the 72,800 support level. If it breaks below or further tests the 70,000 level, the resistance above is at 78,000, which needs to be effectively broken through to ease the downward pressure.

Personal advice, for reference only (strictly set defensive measures)
Bitcoin around 76,900, see a rebound at 77,800, target 75,000, 73,500$BTC