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雲哥
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🚀 BTC Trend Analysis: Accelerating to the Bottom, Testing Major Support
1️⃣ Situation: Currently reported at $66,206 on the 8-hour level. The price is showing a breaking downward trend, not only piercing through all short-term moving averages but also refreshing the swing low. The bearish momentum is in a rapid release phase, targeting the final defense line below at $65,501.
2️⃣ Technicals: * Moving Averages: The price is far from EMA 52/104, and due to the excessive divergence, a technical rebound may occur at any time, but the trend has fully turned weak.
• MACD: Red bars are expanding below the 0 axis for the second time, and the DIF line is crossing down very quickly. Currently, there are no bottom divergence signals at any level, belonging to the standard bullish "surrender" phase.
3️⃣ Pattern: This wave is a deep wash after the high point of $75,998. Before a volume bottom formation appears at the 1-hour level, any rebound is merely a trap for the bulls. Operations should strictly maintain a flat position, waiting to see if there are signals of shrinking volume and stopping the decline around $65,500. $BTC #BTC行情
1️⃣ Situation: Currently reported at $66,206 on the 8-hour level. The price is showing a breaking downward trend, not only piercing through all short-term moving averages but also refreshing the swing low. The bearish momentum is in a rapid release phase, targeting the final defense line below at $65,501.
2️⃣ Technicals: * Moving Averages: The price is far from EMA 52/104, and due to the excessive divergence, a technical rebound may occur at any time, but the trend has fully turned weak.
• MACD: Red bars are expanding below the 0 axis for the second time, and the DIF line is crossing down very quickly. Currently, there are no bottom divergence signals at any level, belonging to the standard bullish "surrender" phase.
3️⃣ Pattern: This wave is a deep wash after the high point of $75,998. Before a volume bottom formation appears at the 1-hour level, any rebound is merely a trap for the bulls. Operations should strictly maintain a flat position, waiting to see if there are signals of shrinking volume and stopping the decline around $65,500. $BTC #BTC行情
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