On Saturday morning, Bitcoin showed a fluctuating downward trend yesterday, continuously breaking previous lows, with a minimum drop to the support level around 83,530,
currently the coin price is operating around 84,500,
the four-hour level market is suppressed by MA30 and has not been able to break out and continue,
subsequently, it has been declining along MA7, breaking the sideways pattern,
the K-line continues to move lower with a clear strengthening of the bearish trend,
the MA moving averages maintain a downward guidance,
in the hourly chart, although there is a short-term positive close, the rebound strength is weak,
the bulls are unable to recover lost ground, and the overall trend remains bearish.
The daily level market has seen a large drop after high-level fluctuations,
indicating serious washout,
the short-term indicators show a bearish dead cross moving downwards,
even though there are signs of a halt in the decline, the rebound strength is weak,
there is a risk of another downward probe, and the intraday strategy suggests focusing on shorting at highs and supporting with low longs.
Therefore, for short-term trading, in the evening, rebound in the 84,800-85,300 range, directly shorting, with a target looking towards the 83,500-82,800 area, breaking through will continue to look for continuation!
