$BTC current price 96443.2, the RSI on the daily chart is in an extremely oversold state, but I have also mentioned that long-term extreme oversold can be seen as bullish strength. Although the JDK has shown a death cross, the MACD is flattening, indicating that it is in a high-level consolidation phase (not breaking below 95400). The RSI on the four-hour level is starting to move down, and the MACD has not shown a death cross, still having the potential for a reversal. However, the JDK death cross is expanding downward, making this possibility less likely. The RSI on the one-hour level shows extreme overbought conditions (similarly, bearish strength), and the MACD bearish trend continues, while the JDK shows a golden cross trend, indicating a potential rebound.
In summary, the bearish trend is strengthening, with the profit space above being smaller than below, primarily holding short positions with some long positions as a supplement, reducing long positions appropriately, and increasing short positions slightly at 97200 with a target near 95800 (the previous consolidation peak).
Long positions enter at 95800, stop loss at 95400,
Target one 97200
Target two 98300
Target three 99200
Short positions enter at 97300, stop loss at 97900,
Target one 95800
Target two 93700
Target three 91800
