Bitcoin Market Analysis: Short-term Pressure and Decline, Dominant Strategy is Short Selling

Since Bitcoin surged to $117,000 on Saturday, the market has shown clear signs of weakness. The core reason may be the adjustment of institutional holdings—gradually reducing Bitcoin while funds are concentrated on Ethereum, directly pushing Bitcoin into a continuous downtrend, with a cumulative drop of $6,000 in just two days.

From a technical perspective: Daily level: It has recorded three consecutive trading days of bearish candles, indicating a clear short-term downtrend. 4-hour chart: The MACD indicator continues to maintain a dead cross state below the zero line, with bearish momentum dominating; the KDJ indicator also shows a bearish downward divergence, further confirming the short-term weakness. Overall, it is expected that this round of correction will likely break through the $110,000 threshold. In the current market trend, the operational strategy remains focused on 'short selling high and buying low,' and one should be wary of further downside risks after breaking through key support. $BTC $ETH #ETH创历史新高