Based on the current market situation, the four-hour level shows a large bearish candle breaking through the middle band of the Bollinger Bands. The KDJ indicator has formed a death cross at this level, indicating a downward trend. Overall, the market is gradually weakening, and bearish momentum is beginning to diverge. From the one-hour level, the market shows a four consecutive bearish candle pattern that paused after breaking through the lower band of the Bollinger Bands. The KDJ indicator also shows strong bearish strength. All three lines are at relatively low positions, especially the J value, which has dropped below 30, nearing the oversold area. Although there may be a technical rebound in the short term, the overall trend remains bearish and will not change the overall structure. Therefore, this morning, I am more optimistic about the bearish decline after the rebound.

Bitcoin around 94700🈳, looking down to 93000#加密市场反弹