YeWin Lunch Pancake Interpretation
Bitcoin's recent movement is indeed quite interesting. Looking at the 4-hour chart, it has been repeatedly pulled in the range of 89000 to 90500, but if you observe closely, you'll find that the price center is leaning downwards. Multiple attempts to break 91500 have failed, and the upper resistance is too strong. The most heart-wrenching fact is that the rebound highs are gradually decreasing—this indicates that the bears are slowly accumulating chips, not in a hurry, which instead shows more control.
Even if there are occasional rebounds near 89000, they are merely the dying struggles of short-term bulls and cannot form effective breakthroughs. The entire market is in a state of weak consolidation, with nothing much to see.
The 1-hour chart illustrates the problem even better. The price is stealthily nudging downwards in the middle of the range, with increasingly smaller fluctuations. The market is in a wait-and-see mode, and there is no momentum during rebounds. Those rapid surges? Fake. There is no sustained follow-through, and the highs are being successively lowered, with bulls clearly bleeding. The entire structure is "moving downwards weakly and without energy."
The MACD is sticking near the zero axis and has tested downwards multiple times, failing to form an upward golden cross. The RSI is also running at a neutral-weak position, with rebounds unable to stabilize at the midline. Buying power has dissipated, and the market is still held in the hands of bears.
So the current operational thinking is very clear: don't think about chasing the bulls. Wait until rebounds are blocked and under pressure to enter, especially when the price approaches 91000 or when the rebound shows obvious weakness; consider short positions. Risk control must be strict, and the key support at 89000 should be closely monitored to see if it can effectively break down.
Real trading advice:
$BTC can short around 91000, targeting 89000#BTC走势分析
