Friday: Morning Bitcoin Market Analysis


Currently, the bullish momentum for Bitcoin has completely disappeared. After peaking at 82,828 on the daily chart, it has been continuously declining. The four-hour cycle is under persistent downward pressure, with the price steadily trading below the middle band of the Bollinger Bands, showing a clear weak trend. Both the KDJ and MACD indicators are aligned in a bearish configuration, with downward momentum still building. Additionally, large-scale capital outflows from the market indicate that market absorption is insufficient.
At present, do not blindly buy the dip; contrarian trading will only lead to deep losses. 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 one after another. You can hold short positions to ride the downtrend during the day.
Trading suggestion: Short in the 79,800-80,300 range. Target: 79,300-78,800.
#比特币跌破8万美元 $BTC
BTC-1.66%
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