From the 4-hour perspective, Bitcoin's Bollinger Bands are showing an overall downward trend, with the band opening slightly expanding, and the price fluctuating around the middle to lower band. The MACD indicator is also moving downward, with the fast and slow lines below the zero axis, and the bullish momentum bars continuously shrinking, indicating that the upward momentum is gradually weakening. The KDJ curve also maintains a downward trend, with all three lines in the oversold area, reflecting a short-term weak trend.
It is recommended to short around 2880 and 2920, with an initial target of 2790, and if broken, look further down to 2620.
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From the 4-hour perspective, Bitcoin's Bollinger Bands are showing an overall downward trend, with the band opening slightly expanding, and the price fluctuating around the middle to lower band. The MACD indicator is also moving downward, with the fast and slow lines below the zero axis, and the bullish momentum bars continuously shrinking, indicating that the upward momentum is gradually weakening. The KDJ curve also maintains a downward trend, with all three lines in the oversold area, reflecting a short-term weak trend.
It is recommended to short around 2880 and 2920, with an initial target of 2790, and if broken, look further down to 2620.