Today’s Bitcoin (BTC) Silk Road

BTC 4-hour timeframe is currently in a volatile downward trend, with the price breaking below short-term and medium-term EMA resistance lines. The MACD indicator shows continuous bearish momentum, and the short-term rebound strength is weak, with clear resistance above. The overall outlook is mainly bearish, while also preparing defensive positions for bottom-fishing at lower levels.

Resistance & Support

Key resistance above is concentrated at 80,200–80,500 (25-period moving average), followed by strong resistance at 81,000;
Core support below is at the previous low of 78,700; if broken, further support is around 78,400.

Trading Directions

1. Mainly bearish: When the price rebounds to the 80,200–80,500 range and shows signs of resistance and pullback, consider a small short position, with a stop-loss above 81,000, targeting 79,000, followed by support at 78,700.

2. Supplementary bullish: If the price pulls back to around 78,700 and stabilizes with a bullish close, and the MACD bearish green bars shrink, consider a small long position to play for a short-term rebound, with a stop-loss below 78,400, targeting 79,600–80,200.

3. Risk control reminder: The current trend is weak, avoid blindly chasing longs; until the 78,700 level is effectively broken downward, do not heavily short; strictly set stop-losses in short-term trading and control position sizes.