The three moving averages of Bitcoin on the daily level are still in a converging state, and it is very likely to experience a downward trend or a period of consolidation. Moreover, the blue 60-day moving average near $90,000 is currently the strongest support level.

Additionally, the MACD is in a bearish arrangement, and the red momentum bars are gradually increasing, indicating an overall bearish trend.

The RSI is below the midline, and market sentiment has gradually shifted from cautious to bearish. Therefore, we can simply and bluntly determine on the daily level of Bitcoin: bearish.

Now let's look at the 4-hour level.

The 4-hour K-line of Bitcoin shows significant fluctuations recently, especially after a sharp drop on December 19 and 20 followed by a slight rebound.

The current price has encountered resistance and fallen again after breaking below the yellow 20-day moving average. Below the price are the three previous lows (marked in white circles) on the 4-hour level, which coincidentally corresponds to the strong support level of the blue 60-day moving average on the daily level: $90,000.

Moreover, the yellow 20-day moving average on the 4-hour level has crossed below the blue 60-day moving average and the red 120-day moving average, forming a bearish arrangement, just like the judgment on the daily level: downward trend.

Everyone pay attention to the integer level of $90,000.

The bears can make a quick profit on short trades, and the bulls can place orders to accumulate positions in batches.

Of course, it's not just $BTC but also $ETH $SOL .

The non-anxious method is to accumulate positions in batches when prices are lower.