Yesterday, the market experienced a fluctuation of rising first and then falling, and finally left a negative line with obvious upper and lower shadows on the daily chart. This pattern, combined with the interweaving of short-term moving averages, suggests that the market may enter a stage of shock adjustment. Technical indicators show that the moving averages of each period are arranged in a short position, and the Bollinger Band channel is generally tilted downward, indicating that the market is facing greater downward pressure.

It is worth noting that although the MACD indicator at the daily level has formed a dead cross and continues to expand, showing the weakening of market momentum, the KDJ indicator has stabilized, which may mean that the oversold situation in the market has eased in the short term and there is a possibility of a short-term adjustment.

From a more detailed 4-hour time frame, although the MACD indicator briefly formed a golden cross, the momentum of the red column is weakening, indicating that the upward momentum is insufficient. The three lines of the KDJ indicator are converging, which may indicate that the market is about to usher in a short-term rebound attempt, but it may encounter downward pressure again afterwards.

The current market as a whole tends to be dominated by shorts, and the future trend is likely to continue to show a volatile downward trend. At the same time, attention should be paid to the possible technical rebound in the short term. #比特币大会 #美国政府转移BTC $BTC