Today’s Bitcoin Trend Analysis

The current price of Bitcoin is 116367, and the highest point of the daily K-line is 117550. Yesterday, I said that 118000 is a good time to enter the short market. It can be clearly seen at the daily level that the short trend has not yet ended. MACD is shrinking and increasing. The death cross of DIF and DEA, plus the K-line fell below the middle track of the Bollinger Band at 116800, and the lower track is still at 112000. The four-hour K-line has rebounded, but the momentum is very weak and the resistance is obvious. The intraday short entry is around 117000, and the stop loss is placed at 118500. In the absence of positive support for the overall trend, the short continues. The idea is to short at highs and buy at lows as a supplement.