The four-hour chart of Bitcoin shows a short-term sideways to slightly oscillating trend, with EMA short-term in a converging (箜头) arrangement, facing resistance above.
RSI is around 43, neutral leaning slightly oscillating, with a weak dominance of the oscillating pattern. Selling pressure is stabilizing but not turning strong. MACD: The four-hour chart shows slight convergence of momentum in the oscillating pattern, with a faint bullish crossover sign, but insufficient volume makes the rebound unlikely to sustain.
When Bitcoin rebounds to 88,800-89,000 and encounters resistance with increased volume and then falls back, consider a light short position with a stop-loss above 90,200, targeting 86,000. #BTC
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The four-hour chart of Bitcoin shows a short-term sideways to slightly oscillating trend, with EMA short-term in a converging (箜头) arrangement, facing resistance above.
RSI is around 43, neutral leaning slightly oscillating, with a weak dominance of the oscillating pattern. Selling pressure is stabilizing but not turning strong. MACD: The four-hour chart shows slight convergence of momentum in the oscillating pattern, with a faint bullish crossover sign, but insufficient volume makes the rebound unlikely to sustain.
When Bitcoin rebounds to 88,800-89,000 and encounters resistance with increased volume and then falls back, consider a light short position with a stop-loss above 90,200, targeting 86,000. #BTC