Bitcoin short-term analysis

Analysis: rebound around 630-635 to buy, watch 620-600, support at 640

Recently, the market has been continuously closing with downward candles, and the short-selling strategy recently provided has achieved perfect profits. Today, the coin price once again broke new lows, declining to around 620. From a technical perspective, the short-term bearish trend still dominates. On the hourly level: the moving average system is in a bearish alignment, with the price under pressure below the moving averages; the MACD indicator has formed a death cross below the zero line, with the energy histogram gradually turning green; the Bollinger Bands are opening downward, and the price is running close to the lower band, showing no signs of stabilization in the short term. The MACD energy histogram continues to shrink, and the price remains under the moving averages, with obvious resistance above, indicating a generally bearish trend. $BTC