$BTC Bitcoin on the 4-hour timeframe has already broken out of a clear weak structure, with highs continually moving lower, rebound strength getting weaker and weaker, and the shorts gradually taking control of the pace. After the MACD death cross, it has continued to run below the 0-axis, with green histogram bars steadily expanding, indicating that market sentiment remains bearish and that there is still a need for further downside in the short term.


Given the current trend, this is not a reversal—it’s more like a sideways repair during a down move. In terms of execution, continue to hold the high-short mindset.
Bitcoin: Keep moving south near 76,500-76,000; the first target is 74,500, and if weakness continues, look at 73,000.
Altcoin: Keep moving south near 2,100-2,070; targets to watch the 1,970-1,870 area $US
A rebound is not a “takeoff”—it’s more like a second opportunity for the bears. #股票交易挑战最高赢17000U #特朗普支持CFTC管辖预测市场
BTC-1.72%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned