May 3rd Bitcoin Four-Hour Trend Analysis and Trading Suggestions

From the four-hour technical pattern, Bitcoin is currently exhibiting a clear bearish trend. The MACD indicator has formed a death cross, which is a key signal indicating a significant decline in short-term bullish momentum, with upward price movement lacking sufficient power, and the original upward trend facing a substantial reversal. Meanwhile, the KDJ indicator's three lines are diverging downward in unison, visually reflecting that market bearish sentiment is prevailing, with selling pressure continuing to strengthen, and market participants holding strong bearish expectations.

Considering the characteristics of the market, it is expected that the Bitcoin price will have only limited technical rebound space in the short term, making it difficult to change the overall downward trend. Therefore, it is recommended that traders seize the rebound opportunity and position short on rallies. The specific trading strategy is as follows:

When Bitcoin rebounds to the range of $96,800 - $97,300, one can decisively enter a short position, with a target below at $93,000.