Judging from the trend of Bitcoin intraday, the rebound after the price fell back did not form a bullish trend. During the rise, the hourly chart closed below the resistance of 61830. Moreover, it has been hovering around 60,000 recently. The short-term wide fluctuations cannot affect the big downward trend, because the downward trend line has been formed and the resistance is constantly being broken, so the layout is mainly high-altitude. At present, the market has retreated to around 60,200.
BTC from the 4-hour chart: the market pin is downward, and the trend line formed by the trend chart is constantly moving downward. Because the trend line is constantly moving downward, the low point will be lower and lower, and breaking through 60,000 is only a matter of time. MACD is opening downward, but there is no crossover, which means it is not strong downward at present. Moreover, the MACD column changes frequently between red and green, which means the market is hesitant. Considering the general direction, the adjustment is strongly bearish, and KDJ forms a dead cross and crosses downward, which is strongly bearish, so all technical indicators are definitely bearish.
Operational suggestions
Short Bitcoin at 60700-60500, target 59000
Short Ethereum near 2340, target 2250
