Bitcoin 4-Hour K-Line Surprises with 'Death Signal', $100,000 Defense Battle Begins!
This chart shows the 4-hour price trend of Bitcoin, with the current price at 103,998, down 0.3% from the opening price. The short-term moving average is around 106,000, while the long-term moving average is above 107,000. The price is currently below these moving averages, indicating a weak short-term trend.
The RSI indicator shows short-term overselling, suggesting that the drop has been too severe, and a rebound may occur. The MACD indicator is also in negative territory, indicating strong bearish momentum, but a rapid decline may also lead to a short-term bottom.
The following three scenarios may unfold:
Rebound: If the price can stabilize at 104,500, it may rebound to 106,000 or even 107,700, but if there is no trading volume to support it, it may still drop.
Continued Decline: If it breaks below 103,800, it may test 100,369 or even 100,000.
Sideways Consolidation: The price may hover between 103,800 and 105,000, waiting for a directional choice.
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