On the 1-hour candlestick chart, after a brief rebound, the price quickly retraced. The candlestick formed during the rally has a long upper shadow, which is a clear signal of heavy selling pressure above. The buying strength at this moment appears powerless.
In the MACD indicator, the death cross pattern continues to diverge, indicating that the bearish force has taken the lead in the short term, with a clear control trend. Meanwhile, the Bollinger Bands are opening downward, creating space for the price to decline. The overall market shows a weak consolidation trend, and a rebound to higher levels is recommended.
Bitcoin: Around 96000-96500, with a补 at 97000, and a further decline to 95000-94000#btc
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On the 1-hour candlestick chart, after a brief rebound, the price quickly retraced. The candlestick formed during the rally has a long upper shadow, which is a clear signal of heavy selling pressure above. The buying strength at this moment appears powerless.
In the MACD indicator, the death cross pattern continues to diverge, indicating that the bearish force has taken the lead in the short term, with a clear control trend. Meanwhile, the Bollinger Bands are opening downward, creating space for the price to decline. The overall market shows a weak consolidation trend, and a rebound to higher levels is recommended.
Bitcoin: Around 96000-96500, with a补 at 97000, and a further decline to 95000-94000#btc