📣 Bitcoin's rebound is weak, continue to short in the future!

On Thursday morning, the price rebounded to a high of 87,700, but then failed to maintain the upward trend, instead slightly retreating and falling into a narrow oscillation pattern. Currently, the market sentiment is heavily cautious, and the oscillation is still being held. The short-term support level is at 84,000 and the resistance level is at 88,000.

　【Analysis of Bitcoin price trend from the four-hour chart】

　K-line pattern:

　Recently, the price has been oscillating at a high level, showing multiple long upper shadows, indicating heavy selling pressure above. In the daily K-line chart, after forming a large bullish candle on March 24, it has closed bearish for two consecutive days, showing signs of a pullback.

　Technical indicators:

　MACD: The MACD for the 4-hour period is below the zero axis, with both DIF and DEA diverging downwards, indicating a possibility of further adjustment in the short term.

　RSI: The RSI for the 4-hour period is near 50, showing a neutral market sentiment, but it previously entered the overbought zone and is currently correcting.

　EMA: The current price is below the EMA7, and the EMA7, EMA30, and EMA120 are showing a bearish arrangement, indicating a weak short-term trend.

　Trading volume:

　On March 26, the trading volume significantly increased and then gradually decreased, indicating a decline in market activity. The trading volume of the recent K-lines is relatively stable, without obvious signals of increase or decrease.

　Evening Bitcoin steady profit layout on 3/27:

　It is recommended to enter short positions near 87,300-87,500 for Bitcoin, with target points: 86,300-85,800-85,000!

　For rebounds, it is suggested to add to short positions near 88,100, with target points: 87,000-86,000!

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