Expert opinion: bearish #BTC

On the 4-hour chart, BTCUSDT is fluctuating within a bearish price channel, indicating a current downtrend in the short term.

Currently, the price is close to the first support level, which is about 58,400 USDT. Other support levels are 57,700 USDT (support level 2) and 57,250 USDT (support level 3).

The 89-day and 34-day EMAs serve as potential resistance levels, with the 89-day EMA at 59,712 USDT and the 34-day EMA at 58,768 USDT.

If the price holds support at 56,000 USDT and rebounds, you can consider buying with a target of 58,538 USDT. #内容挖矿 Follow me! Get more expert opinions!