BTC Afternoon Operations Silk Road:
Brothers, let’s take a direct look at the market signals! On the daily chart, the bearish trend is clear at this moment, the MACD has long been in a death cross state, and the green bars continue to expand, indicating that the downward momentum has not weakened; the RSI has also dropped below 40, clearly showing a weak market.
Looking at the hourly chart, although the RSI is close to the oversold zone, it hasn’t reached an extreme position, which means there is still room for the bears to push down further. Currently, neither the daily nor hourly charts have shown any clear reversal signals, so everyone should not rush to catch the bottom, let’s stay steady first!
Long Brother's trading advice: directly short in the range of 1128000-113300, with a target near 111900-110800. $BTC