BTC Afternoon Bearish Market Analysis

In the afternoon, BTC remains volatile at high levels, with prices repeatedly tugging within the 74,000-75,000 range. After a rally, the upward momentum weakens, and overall trading volume continues to shrink. The bulls lack sufficient energy to sustain the rally, and multiple attempts to break above the 75,000 level face selling pressure and pullbacks. The market's battle between bulls and bears favors the bears.

From the 4-hour chart, BTC price is under pressure below the short-term moving averages. The Bollinger Bands are narrowing and showing signs of turning downward, indicating a gradual bearish trend. The RSI has fallen from high levels into the weak zone, and the MACD has formed a death cross, with green bars expanding continuously. Bearish momentum is strengthening. The resistance zone at 75,000-75,500 forms a strong barrier, making a breakout difficult in the short term, and the probability of further decline increases significantly.

In the afternoon, focus on shorting on rebounds. If the price rebounds to the 75,500-75,800 range, consider entering short positions in batches, with a stop-loss above 76,000. The first target is 73,000, and the second target is 72,000. Strict position management is essential. Avoid blindly chasing orders to mitigate market volatility risks. $BTC