BTC Morning Analysis

Based on the review of the early morning trend, currently BTC is at 79,758. Overall, after a strong resistance at 82,800 during the previous surge, it faced selling pressure and dropped sharply. The bulls' upward momentum was quickly exhausted, leading to a rapid decline to a low of 79,400, followed by a slight rebound and correction. Recently, the overall pattern shows a gradual decline from high levels with weak rebounds, with the highs continuously moving lower. Short-term bears are dominating the market, indicating a technical pullback after a rally.

From a technical perspective, the 4-hour moving averages are turning downward, with the price falling below key moving averages. The MACD green bars continue, and bullish momentum continues to weaken; the hourly chart's rebounds are consistently met with selling pressure, with no signs of stabilization or reversal. Currently, the market is in a weak oscillation and consolidation phase.

The overall trend is bearish. Intraday, the priority is to short on rebounds, with only key supports considered for long positions to stabilize and gamble on a bounce. If the rebound reaches the 80,200-80,500 range without breaking through, short positions can be arranged, with a stop-loss above 80,800. The initial target is 79,000, and if broken, it can trend downward to 78,000.
If a support and stabilization pattern appears on a dip to 78,000-78,300, small long positions can be tried to gamble on a short-term rebound.
Throughout the day, if the price remains in a narrow range of 79,000-80,000, avoid chasing rallies or panic selling. Be patient and wait for a breakout to operate accordingly, strictly controlling position sizes and setting stop-losses.
(Only market analysis, not investment advice) #比特币跌破8万美元 $BTC