Bitcoin shows a continuous negative trend, continue to be short-selling during the day!

Bitcoin continued to close in negative territory yesterday, and the space was not too big. It continued to run in the 28500-26300 range, but could not rebound to the high of 27300. The daily line still returned to the low level at the end of the day, and the daily line was still bearish and under pressure. The weekly MA120 The daily support is currently being consolidated and ready to break. Combined with the strong closing of the US dollar, Bitcoin is more likely to decline further, and the main idea of ​​​​the operation room is to keep the price high.

From a 4-hour structure point of view, yesterday it was under pressure from the Bollinger Middle Track and the downward channel trend line, combined with the step shock and decline on the hourly chart. The high point is moving sideways downward, and the low point is gathering momentum to break through lows and create new lows. The critical point of the downward step is in the 27000 area

In terms of operations today,

Bitcoin rebounded to the 27,000 area and was directly short, defending 27,400, and the target was the 26,300 area!