Bitcoin BTC Short Selling Strategy Analysis

The current Bitcoin market is in a critical oscillation range, with technical indicators and market sentiment both signaling short-selling opportunities. The daily chart shows that the BTC price continues to face resistance in the strong resistance area between 90000 and 91500, which is a range of previous rebound highs and a dense moving average compression zone, forming double technical resistance. The MACD indicator shows a bearish crossover under the zero line, indicating that bearish momentum is dominating the market; the middle band of the Bollinger Bands continues to press down, further strengthening the downward trend.

In terms of operations, it is recommended to gradually establish short positions near the 90000 to 90300 area, as this region is a dense zone of recent rebound testing high points, with a large amount of trapped capital. Set the stop-loss above 91500, as this point has been the top of multiple rebounds since November; a breakthrough may trigger a trend reversal.

The take-profit target is set at 87500, as this position resonates with the lower boundary of the previous oscillation range and the Fibonacci 38.2% retracement level; if it effectively breaks down, it will open further downward space. Close attention should be paid to the Federal Reserve's interest rate decision and ETF capital flows; if unexpected easing signals or significant inflows into ETFs occur, strategies should be adjusted promptly.

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