BTC Afternoon Analysis
Current price 86100, 4-hour chart shows that BTC encountered strong selling pressure after rebounding to a high point, with a large bearish candle directly breaking through multiple key technical supports. The short-term trend has clearly shifted to a bearish dominance, and market sentiment has sharply worsened.
This is the clearest bearish signal. The DIF line deeply crossed below the DEA line forming a 'death cross', and the histogram shows extremely long negative green bars. This confirms the strong outbreak of bearish momentum, making it difficult to immediately reverse the downtrend in the short term. Both K and J values have entered the oversold zone, reflecting that the market has declined too much in the short term and there is a need for technical rebound repair. However, in such a strong downtrend, the oversold condition may persist; one should not rely solely on this to catch the bottom.
Operational Suggestions
Enter short at 87500-88000, with a stop loss above 89000, targeting 85000-84000$BTC
