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The Bitcoin trend over the weekend is worth paying attention to.
From the four-hour chart, the MACD has already formed a death cross, with the green bars continuing to strengthen, and the bearish momentum gradually gaining the upper hand. The three lines of the KDJ indicator are all turning down simultaneously, indicating that the entire cycle has entered a clear weak phase. The moving averages that previously provided support are now turning into resistance, and the rebound strength is evidently insufficient, which is a warning sign.
Here are some key levels based on technical analysis for reference (be sure to set proper stop-losses): if resistance is encountered around 96,000, there might be an attempt to probe up to the 97,200 area for a correction. However, from a bearish perspective, more attention should be paid to support levels below, with an initial target of 94,800, and further down, possibly towards the 93,000 defensive line.
Pure technical analysis shows that the market is constantly changing, so as always—defense is the top priority.