Bitcoin is oscillating around 92,000.
In terms of technical indicators, the MACD bearish energy bars are decreasing,
indicating a short-term weakening of bearish strength. The KDJ indicator is turning upwards,
showing a trend reversal signal, but the coin price has not significantly increased, and the rebound strength is weak.
On the daily chart, the bearish energy bars are increasing, and the KDJ has formed a dead cross and is extending downwards, which is a clear bearish signal. The price is close to the middle band of the Bollinger Bands, and the daily chart shows a pullback characteristic.
In summary, intraday trading should focus on shorting on rebounds.
It is recommended to build short positions in the range of 92,500 - 93,500, with targets looking towards the 90,000 - 88,000 area,
and set a stop loss at 94,200 to prevent excessive losses from unexpected reversals in the market.
