The recent K-line trend of Bitcoin has shown a clear downward trend, and the sharp drop in the past two days is eye-catching.

The current price has formed a strong pressure level at 95,000, and has failed to break through many times. In terms of technical analysis, the MACD indicator is in the negative area, DIF and DEA diverge downward, and the market is in a short market.

The three lines of the EMA indicator fell simultaneously, and the price was lower than the moving average, confirming that the trend was bearish. However, the RSI indicator value was 31.9, close to the oversold area, suggesting that the market may rebound in the short term.

For evening operations, it is recommended to go short near the 95,000-94,500 line, and the lower target will first look at the 92,000 line. If it breaks further, the target will look at around 90,000.