【BTC Signal】Rebound failed, preparing to short!

Currently, the situation with Bitcoin (BTC) is very bad:

1. No upward movement: On the 1-hour chart, a rebound above 69,000 was expected, but it was immediately pushed down. The sell orders are 86 times the buy orders, indicating that the bears are in control.
2. Technical deterioration: The 4-hour MACD has a death cross, the price has broken below the middle band of the Bollinger Bands, and is entering a downtrend channel.
3. Lack of momentum: The RSI is around 38, and every small rebound is crushed by sell orders. The bulls have no strength to fight back.

Trading advice (bearish view):

- Entry: Gradually short in the range of 68,321 - 68,445.
- Stop-loss: If the price rises to 69,300, it indicates a wrong judgment; exit quickly to cut losses.
- Targets: First target at 67,270, second target at 66,500.

Trading tips:
When reaching the first target (67,270), sell half to lock in profits; move the stop-loss of the remaining position to your entry price, ensuring a risk-free profit. If the price rises back above 69,000, the bearish setup is invalid, don’t hold on stubbornly.

Summary:
Bears are now in full control. If the price breaks below 68,300, a big drop could happen. The risk is low, and the reward is high (over 1:3), so it’s a good time to act!

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