BTC Bearish Trading Strategy

Currently, Bitcoin is in a clear downtrend structure, and the short-term rebound is merely a corrective move for shorts. The main strategy remains to sell on rallies.

4-hour timeframe: Price is trading within a standard descending channel. The EMA15/30/60 moving averages are in a complete bearish alignment. Rebound attempts are consistently capped by short-term moving averages, with lower highs confirming bearish dominance. The MACD dual lines remain below the zero line, with green bars shortening only indicating a temporary weakening of downside momentum, not a valid reversal signal. The Bollinger Bands are opening downward, with the middle band acting as a strong resistance zone. The key resistance area at $61,500–$62,000 is the Fibonacci 38.2% retracement level and a prior dense trading zone. A rebound here has a very high probability of encountering selling pressure. The first support below is at $58,000. If it breaks down with volume, it will open up a new round of downside.

1-hour timeframe: The recent oversold rebound has been accompanied by continuously shrinking volume, indicating insufficient buying momentum. Candle bodies are gradually narrowing, with clear signs of bullish exhaustion. After the price rebounded into the resistance zone, consecutive upper wicks have appeared, and the short-term high-lower pattern is clear. The MACD is about to form a death cross below the zero line, and the RSI has turned downward after rebounding to around 50, confirming the end of the short-term rebound, with bearish forces about to be unleashed again.

In operation, it is recommended to wait for the price to rebound to the $62,700–$63,100 range and set up short positions in batches. The first target is $61,000–$60,000, and if it breaks, look at $59,000. Strictly control position sizes and manage risk. #btc