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#数字资产市场动态 Tuesday Market Overview | Bitcoin Technical Analysis
The four-hour candlestick chart has been quite interesting these past couple of days. Bitcoin not only broke below the key moving averages MA144 and MA169 support levels, but after spiking to 90373 in the morning, it lost momentum and quickly dropped to 86760. The current pattern looks somewhat weak—MACD's DIF and DEA are still trending downward, indicating that bearish momentum is still being released. Although it has entered the oversold zone, no clear reversal signals have been observed yet. The bearish trend has been established.
From a trading perspective, consider short positions around 88500. If it rebounds to 89500, add to your position. The initial downside target is 86000, followed by 84300.
Ethereum and Binance Coin are following Bitcoin's rhythm; in the short term, caution is advised against downward risks.
$BTC $ETH $BNB