Evening Analysis

From a technical analysis perspective, within the 1-hour cycle, the MACD indicator has formed a death cross pattern, with bearish momentum continuously being released and strengthening, indicating significant short-term price pressure. Focusing again on the daily level, the MACD histogram has shifted from positive to negative, marking a key transition that signals the beginning of a medium-term bearish outlook. Currently, the bearish forces have firmly grasped the short-term market rhythm.

Based on the above technical analysis, the following trading strategy is suggested: it is recommended to position short orders for Bitcoin around the price range of 85500 - 85000, with an initial target price looking towards the 83500 - 82000 level. If the price effectively breaks below the 82000 support level, bearish momentum may further release, allowing for continued downward movement to capture potential further downside space.