2.5 Bitcoin Market Analysis: Strong Continuation of the Bearish Trend, Precise Short Selling During Rebound

Recently, the Bitcoin bearish momentum has been extremely clear, with relentless shorting being like picking up easy money. Yesterday, Bitcoin and Ethereum were simultaneously positioned for perfect harvesting, maximizing profits! The market rhythm is hard to grasp and the entry points are uncertain. Trust Lao Guo—only engage in precise market scalping to steadily capture every high-probability trend!

Regarding the market, the technical focus is on the 4-hour chart. The price repeatedly tested the middle band of the Bollinger Bands, with long upper shadows on the candlesticks, indicating strong resistance signals. Subsequently, the market directly shifted to a wave of downward correction with bearish candles, officially establishing the bearish trend. Currently, the Bollinger Bands are diverging downward, with the channel expanding and the lower band extending downward in sync. The MACD green bars are continuously increasing, the KDJ indicator shows a dead cross heading downward, and multiple technical indicators are resonating in favor of the bears. The momentum is still being released, confirming a clear downward trend ahead.

Trading suggestion: Short in the 72200-72700 range, with targets at 71000-70000. If broken, continue to watch 68000.