12.4 Afternoon BTC Yang Yi Trend Analysis:
The market's upward momentum is weakening: Bitcoin has attempted to rise to 94100 several times, but has not successfully broken through. Looking at the 4-hour chart, there are two obvious technical signals that are concerning—first, the RSI indicator shows a top divergence (the price reached a new high, but the indicator is moving down), and second, the MACD momentum is contracting (the two lines are flattening out, and the red bars are narrowing), indicating that buying power is lagging behind.
Currently, Bitcoin is testing a key position during its pullback, which is half of yesterday's increase: if it breaks below this range, it indicates that a short-term high has formed, and it may drop to 92000-92500 to find support; even if there is a rebound, if it cannot stabilize above 93500, bears will continue to dominate the adjustment.
Suggestion:
Bitcoin: Consider shorting around 93500-94000, targeting 91500-92000.
Altcoin: Consider shorting around 3230-3260, targeting 3150-3000.
