BTC Signal: Rebound Failed, Prepare to Short!

The situation for Bitcoin (BTC) is not looking good:

1. Can't Rise: On the hourly level, it tried to rebound above 69000 but was immediately pushed down; sell orders are 86 times more than buy orders, with bearish strength dominating.

2. Technical Deterioration: The 4-hour MACD has crossed bearish, and the price has broken below the middle Bollinger band, entering a downward channel.

3. Lack of Momentum: The RSI indicator is around 38, with every small rebound being crushed by sell orders, and bulls lack the strength to resist.

Trading Advice (Bearish):

- Entry: Enter short in batches within the range of 68321 - 68445.

- Stop Loss: If the price rises to 69300, it indicates a wrong judgment, so quickly cut losses and exit.

- Targets: First target at 67270, second target at 66500.

Trading Tips:

When reaching the first target (67270), sell half to secure profits; for the remaining position, adjust the stop loss to your entry price, ensuring a risk-free situation. If the price rises back above 69000, the bearish position becomes invalid, so don't hold on stubbornly.

Summary:

Currently, bears have complete control; if it breaks below 68300, there will be a significant drop, with low risk and high reward (over 1:3), so it's time to take action!

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