4.28 Midday Thoughts

From a technical indicator perspective, the MACD indicator has consistently hovered below the zero line, with the fast and slow lines continuing to diverge downwards, clearly indicating that bearish forces dominate the market; the RSI indicator value is slightly below 50, the critical point between bulls and bears, showing a significant decline in the market's upward driving force. From the moving average system, the short-term moving average EMA7 has crossed down through EMA30, forming a death cross pattern. This classic technical signal further confirms the trend of Bitcoin's short-term movement shifting from strong to weak, indicating that there is significant pullback pressure on Bitcoin's price in the short term.

Bitcoin Trading Thoughts: Short around 94500-95200, targeting 92500.