9.22 Evening Bitcoin Trend: Looking at the MACD indicator over a 4-hour period, a significant bearish trend is evident: the fast line crosses downward through the slow line forming a death cross, and the green momentum bars continue to expand downward, indicating strong and increasing bearish forces. However, it has failed to break through key resistance levels,
and during the rebound, the trading volume has not effectively increased, showing that bullish strength is weak and upward momentum is insufficient. At the same time, during the price decline, the volume gradually shrinks, forming a clear divergence between volume and price, indicating that the current downward trend lacks effective trading volume support, market participation decreases, and the weak pattern dominated by bears is further validated.
Bitcoin recommendation: 116500-117000 short, stop loss at 117800, target downward around 114500-113000-112000 near $BTC $ETH #MichaelSaylor暗示增持BTC