Friday: Morning Bitcoin Market Analysis

Currently, Bitcoin's trend no longer has any bullish dominance. After peaking at 82,828 on the daily chart, it has been continuously declining, pulling back. The current 4-hour cycle remains under downward pressure, with the price steadily trading below the middle band of the Bollinger Bands, clearly showing a weak pattern. Both the KDJ and MACD indicators are aligned in a bearish configuration, with selling momentum still building. Coupled with large-scale capital outflows from the market, market absorption is completely insufficient.

At present, do not blindly buy the dip; contrarian trading will only trap you deeper. Always follow the main trend in your operations. Any slight rebound or rally within the day is an excellent shorting opportunity. Resistance levels are heavy above, and support levels are broken and broken again below. During the day, you can hold short positions on the decline.

Trading suggestion: Short in the 79,800-80,300 range. Target: 79,300-78,800.