Three consecutive declines in Bitcoin, is there a hidden rebound opportunity under the bearish trend?

In the past three days, the price of Bitcoin has significantly dropped, and the trend is concerning. The price once quickly plunged to around the 91000 level, and a clear descending channel has formed on the K-line chart, with a strong bearish atmosphere in the market.

From the analysis of technical indicators, the MACD indicator on the hourly chart is in the negative zone, with both the DIF line and DEA line diverging downwards. This formation is a typical short-term bearish signal, indicating that bearish forces still dominate in the short term.

Looking at the EMA moving average system, all three lines are showing a downward trend, and the Bitcoin price is situated below all moving averages, further confirming the current overall bearish trend. Following this trend, it seems that the Bitcoin price will continue to decline.

However, the market is always full of variables. The RSI14 indicator on the hourly chart shows a current value of 41.5, which is close to the oversold area. This means that the market's selling sentiment may have been excessively released, and there is some room for a rebound in the Bitcoin price. Once bullish forces gather, it may trigger a round of oversold rebound.

In summary, the main tone for today's Bitcoin operation remains bearish. However, given the oversold situation indicated by the RSI indicator, we need to be vigilant about the risk of a short-term rebound. It is recommended that the ideal entry points for short positions are at the 94000 and 94800 levels, with the first target below focusing on the previous low of 91000. If that level is lost, the further target looks towards the round number of 90000.

When operating, investors must strictly control risk and flexibly adjust strategies according to market changes. #币圈 #数字货币 #财经解读