8.21 Afternoon Market Analysis and Trading Suggestions

On the daily chart for Bitcoin, the 5-day and 10-day moving averages are trending downwards, the TRIX trend indicator shows a death cross, the KDJ indicator has formed a death cross, and the attached J line is turning and operating in an oversold trend. The MACD indicator shows increasing bearish momentum in green, and the daily trend remains dominated by bears. On the hourly chart, Bitcoin maintained a narrow range of fluctuations in the morning, operating around $3313. After the KDJ indicator was severely oversold, a low-level golden cross formed, and the attached line is turning upwards. The MACD indicator's fast and slow lines are in a death cross below the 0 axis, with shrinking green bearish momentum. There is a demand for a rebound in the short-term trend, so in the afternoon, capture the rebound and continue to follow the bearish trend.