Recently, the K-line trend of Bitcoin has clearly shown a significant downward trend, with the sharp decline in the last two days being particularly noteworthy. Currently, its price has formed a strong resistance level around 95,000, which has proven difficult to break through, with multiple attempts ending in failure.
On a technical analysis level, the MACD indicator is currently in the negative zone, with both DIF and DEA diverging downwards. This series of signals collectively indicates that the market is still deeply entrenched in a bearish trend. The three lines of the EMA indicator are also showing a synchronized downward trend, and the price remains below these moving averages, further confirming the overall bearish condition.
However, it is worth noting that the RSI indicator is currently at 31.9, which is close to the oversold area. Although it has not yet entered an extreme oversold state, this also suggests that there may be some potential for a rebound in the market in the short term.
Based on this, the operating suggestion for the evening is to continue maintaining a bearish strategy with 95,000 as support, with initial targets set for the 92,000-91,600 range. If the market breaks down further, the target can be adjusted towards around 90,000.