Bitcoin hit the 31100 line yesterday morning but did not break through. The market fluctuated all the way down. In the afternoon, the lowest line was 30200, which stabilized and rebounded. Currently, the four-hour level BOLL is running near the mid-track. The MACD red solid kinetic energy column in the attached picture is running in heavy volume, and the KDJ three-line dead cross is downward. Extension, MA7, MA30 guide downwards. The daily line level closed on the negative line yesterday, and the MACD in the attached picture has transformed from a green solid kinetic energy column to a red kinetic energy column. From the analysis of technical indicators, the short-term is in box shock, but the daily line has a dead cross signal, and it is recommended to go short on the rebound.

Operational suggestions: The support level is at 29,000 and the pressure level is at 31,000. It is recommended to conduct short trades in the price range of 30900-31200 to prepare for possible declines.