April 25 Bitcoin Afternoon Thoughts

The four-hour K-line continues to produce bearish candles, with the body gradually extending downward. Bears are maintaining pressure, making it difficult for bulls to effectively resist. At the same time, highs and lows are consistently declining, confirming the validity of the downward fluctuation channel. Additionally, the moving average system is also displaying a bearish arrangement, with short-term moving averages crossing below long-term moving averages, forming a death cross, which is a typical bearish signal. The short-term market cost is higher than the long-term market cost, and the overall market is in a weak downward pattern.

Operation Suggestion

Bitcoin: Short near 93500 - 94000, target 92000 - 92500, with stop loss set accordingly.