Technical analysis shows that the Bitcoin daily chart has closed with a bearish candle again. After the price pierced the lower Bollinger Band, it quickly rebounded. In the morning, after the price rebounded above 95,000, it continued to move downward. The Bollinger Bands have slightly opened, and both KDJ and MACD show signs of a death cross. The overall trend on the daily chart is bearish, but there are suspicions of a bottom forming as it approaches the closing line!

From the four-hour perspective, the Bollinger Bands are widely opened, and the price is running near the lower band. However, after piercing the lower band, the price quickly rebounded. There was a shift from bearish to bullish in the morning, with KDJ turning upwards to form a golden cross, and the volume of MACD is also beginning to slow down. From the four-hour perspective, there are suspicions of a bottom forming, and everyone should avoid blindly chasing short positions.