BTC Afternoon Insights: A Steady Decline Like a Leaking Lamp, Patience as an Anchor

The afternoon Bitcoin chart looks like a lamp with exhausted oil, the flame gradually dimming, leaving only residual smoke. The current price hovers around 79,700, with rebounds weak as a tired bird flapping its wings, each attempt to rise being pushed back to the starting point. The highs continue to decline, the bullish momentum weakening, while the bears' pressure intensifies step by step.

On the technical side, the four-hour MACD remains in a death cross, with the green bars gradually expanding, and the moving averages showing a bearish alignment. Overhead selling pressure envelops the chart. The one-hour price remains consistently below the moving averages, with multiple small rebounds failing to sustain, encountering resistance and falling back each time, making upward movement difficult. The short-term weak pattern remains solid.

Afternoon personal view: Don’t be fooled by small rebounds during the decline; that’s market candy coating. A rebound around 80,300-80,500 can be used to initiate short positions, with a stop-loss above 81,000. The first support is at 78,500, and if broken, look toward 78,000. Following the trend is the easiest approach in this market—strictly control your position and walk steadily. $BTC