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Bitcoin Short-term Analysis
Analysis: Expect a rebound around 1780-1800, watch for a dip to 1730-1700, support at 1820
Recently, the market has been continuously closing lower, and the recent short-selling strategy has achieved perfect profits. 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 histogram gradually turning green; the Bollinger Bands are opening downward, and the price is close to the lower band, indicating no signs of stabilization in the short term. The MACD histogram continues to shrink, and the price remains under pressure below the moving averages, with obvious resistance above. The overall trend is bearish. $ETH