Do you still dare to short BTC? The 15-minute K-line reveals the secret of the rebound, and the bulls may strike back!

Current market situation analysis:

1. K-line trend:

From the chart, BTC has shown a clear downward trend recently, with continuous bearish candles appearing, hitting a low of 107297.6 USDT.

Recently, the K-line has shown a small rebound, but it is still below the MA7 and MA30 moving averages, indicating that bullish strength is still relatively weak.

2. Moving Average Analysis (MA7 / MA30):

MA7 (109723.6) is far above the current price, indicating that the short-term trend is still under the control of bears.

MA30 (109183.6) is also continuously exerting downward pressure. For the market to truly strengthen, it must first stabilize above these two lines.

3. Bollinger Bands (BOLL):

The upper pressure of the Bollinger Bands middle band (109350) is significant, and the current price is fluctuating near the lower band.

The Bollinger Bands are widening, indicating that market volatility is increasing, and there may be a significant movement coming up.

4. MACD indicator:

Although the detailed MACD values are not shown in the chart, judging from the trend, the MACD should still be in a dead cross downward state, indicating that the bearish trend has not changed, but there may be signs of a bottom divergence, requiring attention to the upcoming momentum changes.

5. Trading volume:

Recently, there has been an increase in trading volume near 107,300, indicating that this may be a short-term support level.

However, the overall trading volume is still relatively low, and the rebound strength is limited.

Today's BTC short-term trend summary:

BTC is still operating in a fluctuating downward channel overall. Although there are signs of a slight rebound, the trend has not turned bullish. In the short term, 107,300 is a key support level, with pressure concentrated in the range of 108,800 – 109,200.

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