The target levels provided in the morning were disrupted by the rhythm, slightly dropping 421 points. After the overall market broke through key support, it experienced a rapid decline, and the strength of the bears has clearly increased. As soon as I confirmed the effective breakdown signal, I promptly notified the students to enter the market and seized the opportunity to finally gain 1580 points in the market, with a closing price of 23700u. The market changes rapidly, but the key is to identify structural changes in a timely manner and quickly adjust strategies.
Currently, the overall situation of Bitcoin is in a clearly weak downward structure. The four-hour level big bearish candle directly broke through the middle track support, and then the rebound was insufficient, being suppressed by the moving averages and weakening again, indicating that the bear's dominance is still evident; the one-hour continuous bearish candles are pressing down in a stepwise manner, and the K-line is moving along the lower track. All technical indicators are operating in a weak area. Even if there is a slight rebound, it belongs to a technical recovery after an oversold situation, lacking sustainability. Overall, it is still in a weak fluctuating downward channel.
Bitcoin 90000-90500 range, target near 88500;
Second Bitcoin 3200-3230 range, target near 3050.
