Bitcoin (BTC) Technical Analysis:
Short-term Review: The short-term short position strategy suggested at the price level of 107,800 has successfully realized profits multiple times by exiting at 106,800 or taking partial profits, with repeated operations.
Daily Analysis: The daily chart shows that the previous K-line formed a high position doji bearish line. After the opening of the day, the price experienced a slight rebound, followed by pressure and a pullback, currently showing a fluctuating adjustment pattern. The Bollinger Bands are flattening, and the short-term moving averages are beginning to show signs of a turn. The fast and slow lines of the MACD indicator have formed a golden cross near the zero axis and are moving upward, with the red momentum bars increasing; however, the KDJ indicator is showing a downward signal after being blocked at a high level. The VR indicator is consolidating around the 100 value area.
4-Hour Analysis: At the 4-hour level, the price is maintaining horizontal fluctuations at a high position. The Bollinger Bands are narrowing and flattening, and the short-term moving average system is beginning to show a downward turning trend. The MACD fast and slow lines have formed a death cross and are moving downward, with the green momentum bars continuing to expand. The KDJ indicator continues to diverge downward, and the VR indicator is consolidating near the 240 value.
Comprehensive Judgment: Based on the signals from the daily and 4-hour levels, the market shows signs of weakening upward momentum. We maintain the previous viewpoint, with the core strategy still primarily bearish. Although the current Bitcoin price shows relative resilience against declines, caution is needed as there is a risk of accelerated downward movement if it effectively breaks below key support. The operational thinking remains unchanged.
BTC Short-term Trading Suggestions:
Place short positions near 107,800 USD.
If the price rebounds to 108,500 USD, consider adding to positions or taking small losses.