BTC, the four-hour MACD line crosses below the signal line from above, forming a dead cross. At the same time, the MACD histogram changes from positive to negative, indicating that the market trend has turned bearish, and the bears are gaining strength.
The short-term support level below is around 115,600, with limited distance, and further breakdown is expected. If it breaks down, the space opens up below, giving the bears more strength!
Short around 117,000, with a target near 110,000!
