From the daily chart perspective, the highs are gradually decreasing, with a bearish moving average alignment, and the price is below the 50/200-day moving averages, indicating a clear downtrend. From the 4-hour chart, the downtrend channel is intact, rebounds are weak, and the market is predominantly bearish. The MACD indicator is currently below the zero line, with the green bars expanding, indicating continued selling pressure!
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TheManStandingOnTheCandlestick
· 9h ago
Wishing you great wealth in the Year of the Horse 🐴
$BTC Today's public thoughts:
From the daily chart perspective, the highs are gradually decreasing, with a bearish moving average alignment, and the price is below the 50/200-day moving averages, indicating a clear downtrend.
From the 4-hour chart, the downtrend channel is intact, rebounds are weak, and the market is predominantly bearish.
The MACD indicator is currently below the zero line, with the green bars expanding, indicating continued selling pressure!
Bitcoin: A rebound to around 69,000-69,500 could be a short-term opportunity, targeting around 68,000-67,000.
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