In the four-hour chart, the small rebound in the early morning has dropped back down, just as mentioned before. The MACD is still below the zero line, showing no signs of moving upwards. In the short term, the bearish strength is still strong, and the bulls have yet to gain momentum. The current main trend of BTC is bearish, and the intraday rebound is a correction within the downward process. The core operational logic should follow the main downtrend, prioritizing opportunities to short at resistance levels, while support levels should only be considered as references for adjusting the rhythm, avoiding blind bottom-fishing against the trend. - It is recommended to short around 108000-108500, with a target towards 106000-105000.
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BTC 11.4 Market Analysis
In the four-hour chart, the small rebound in the early morning has dropped back down, just as mentioned before. The MACD is still below the zero line, showing no signs of moving upwards. In the short term, the bearish strength is still strong, and the bulls have yet to gain momentum.
The current main trend of BTC is bearish, and the intraday rebound is a correction within the downward process. The core operational logic should follow the main downtrend, prioritizing opportunities to short at resistance levels, while support levels should only be considered as references for adjusting the rhythm, avoiding blind bottom-fishing against the trend.
- It is recommended to short around 108000-108500, with a target towards 106000-105000.