Recently, the price of Bitcoin has shown a trend of fluctuating downward, especially the sharp decline on March 28, which formed a large bearish candlestick. In the 4-hour cycle, the price has some support around 84000, but overall it is still in a descending channel. The current MACD histogram is negative and continues to expand, indicating strong bearish momentum. Both DIF and DEA are moving downward, suggesting continued weakness in the short term. EMA7, EMA30, and EMA120 are all showing a downward trend, and the price is below all EMA moving averages, indicating that the market is in a bearish dominant state. Following the trend, it is recommended to enter a short position at high levels on intraday rebounds.

Never think about making a fortune with a single bet,

Only trade on your own market conditions! Learn to stay in cash, do not force trades.

Avoid overnight positions,

Try not to open trades on weekends.

After being stopped out, manage your mindset and do not rush back in.

If you are blindly guessing trends in the market alone, you will always be counterproductive! If you lack technical and news support and only look at the decline rankings and hot rankings to make trades! The cryptocurrency market is about making money with your knowledge, information, and skills. If you want to make money in the crypto market, you can follow me to learn from various aspects.