#BTC☀ Bitcoin Technical Analysis:

1. Bitcoin's 4-hour K-line cycle is experiencing a volume decrease while rising (there is suspicion of a false breakout, please pay attention to the resistance level around 93225), currently the 4-hour K-line of Bitcoin is showing a downward trend in the price channel area;

2. The trend indicators below the 3-hour cycle for Bitcoin are all in a bearish trend, indicating that the price will continue to decline temporarily in the future, and short-term operations should sell at high points;

3. The KDJ indicator for the 4-hour cycle of Bitcoin has fallen below 20, entering an oversold and weakening downward space. The MACD indicators for the 2-hour and 3-hour cycles of Bitcoin are showing a bearish oil leak pattern (accelerating price decline). The short-term operation strategy: sell at high points, and if the price retraces and rebounds to the middle track of the Bollinger Bands in the 30-minute and 1-hour timeframe (including the neckline resistance level), consider opening a short position for profit, or if a bottom divergence pattern appears in the smaller cycles of 15 minutes and 30 minutes, a light position long can be entered to earn short-term swing profits (the long position should follow the principle of quick entry and exit to take profits);

(Please set stop-loss, secure your seatbelt, and prepare three protective measures for position relief) {Contract Thinking};

Short-term operation thinking: if the price retraces to the important support levels marked above, a light position long can be placed for entry {Spot Thinking}

BTC 4-hour K-line trend:

Resistance level: around 93225～95711

Support level: around 87096～89914

Follow Old Te, don’t get lost, let’s get on board and earn big together!