Weekend Morning Thoughts

The current situation of Bitcoin is bearish. On the daily chart, the price has broken key support levels, and the moving averages are in a bearish arrangement, applying pressure. On the 4-hour chart, the MACD green bars continue to expand, and the DIF and DEA are diverging downward. Market sentiment is cautious, and buying power is insufficient. Recent news also lacks positive stimuli. Overall, it is judged that Bitcoin may continue a downward trend in the short term, and a bearish outlook is advisable.

Short Bitcoin around 118000-117500, target around 117000 #btc