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Will Bitcoin's price enter a bearish signal again on Friday?
Yesterday's price experienced a slight pullback, but the decline was halted and did not continue downward. The overall intraday trend was mainly sideways. The fluctuations were slightly weak.
On the four-hour chart, the price tested the 70,000 level but failed to break through. Then, alternating bullish and bearish candles appeared, forming a stair-step decline. The MACD bullish momentum decreased in size, indicating that the current trend will continue to fluctuate sideways. Therefore, a rebound can be shorted.
Reference short position around 69,000-69,500, with a target near 66,500.