Bitcoin tested the 76,000 resistance level in the morning without success and subsequently pulled back. Looking at the 4-hour chart, the KDJ indicator shows a bearish crossover with downward movement, while MACD bullish momentum is shrinking. On the 1-hour timeframe, a spike top pattern has formed, and the current price has broken below the Bollinger Band middle band support. Currently, the Bollinger Band middle band has completed a small-level role reversal of support and resistance. Focus on the 73,800 zone during the afternoon trend. If it breaks below earlier, subsequent pullbacks will be smoother.
Bitcoin Reference: Short at 74,400, watch 72,400 on the downside, stop loss at 1000 points#BTC #ETH
Bitcoin tested the 76,000 resistance level in the morning without success and subsequently pulled back. Looking at the 4-hour chart, the KDJ indicator shows a bearish crossover with downward movement, while MACD bullish momentum is shrinking. On the 1-hour timeframe, a spike top pattern has formed, and the current price has broken below the Bollinger Band middle band support. Currently, the Bollinger Band middle band has completed a small-level role reversal of support and resistance. Focus on the 73,800 zone during the afternoon trend. If it breaks below earlier, subsequent pullbacks will be smoother.
Bitcoin Reference: Short at 74,400, watch 72,400 on the downside, stop loss at 1000 points#BTC #ETH