Is Bitcoin about to change direction? Keep an eye on this key position!
The market now feels like a compressed spring, with Bitcoin stuck in a narrow range around 107200, oscillating tightly, and the movement during the lunch break feels almost like slow motion. But the upper and lower bands of the Bollinger Bands suddenly started to expand, what does this mean? A sharp fluctuation could erupt at any moment! My judgment is clear: the moment of change is just around the corner.
Looking at the four-hour chart, the situation is quite unfavorable for the bulls. The price is firmly pressed within a slowly descending channel, and each rebound's peak is lower than the previous one—a typical weak structure. More critically, the green bar representing the strength of the bears in the MACD is still extending, and the KDJ indicator has formed a textbook-like death cross signal. All these technical indicators are loudly telling me: the bears are completely in control of the steering wheel!
Do you remember the ambush points we discussed earlier? That's right, it's this area right now! I personally believe this position offers an excellent risk-reward ratio. The strategy is very clear: seize any small rebound and decisively position short orders at high levels. The market is accumulating downward energy; what we need to do is get on board, then maintain our composure and patiently wait for profits to run. Remember, direction is more important than the point, the trend has already spoken.
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