$BTC Coin Circle Academician: 7.1 Bitcoin (BTC Fully Bearish on Multi-Dimensional Indicators? Latest Market Analysis and Trading Suggestions Unpacked)

Bitcoin is currently at 58,500. The daily K-line has already fallen to around the previous low of 58,030, and it is hovering just above that level, clearly moving within a well-defined downward channel. The price keeps sliding lower along moving averages such as the EMA15/30/60. The moving averages are fully aligned in a bearish formation, and the lower band of the Bollinger Bands continues to extend downward; the middle-band suppression level is around 62,700. A short-term rebound is unlikely to break through. The MACD indicator’s DIF and DEA remain below the zero line. Although the green histogram bars are shrinking in size, the bearish momentum has not been fully released, indicating that at the daily level there is still no clear reversal signal. The key focus now is the strong support at 58,030; once it breaks, the downside room will be opened up.

The four-hour K-line is also forming a weak and downward structure. The price continues to move along the lower Bollinger Band, and the lower-band support is around 58,630—basically in line with the current price. The middle-band suppression level is near 60,900. The EMA moving-average system shows a typical bearish arrangement. During rebounds, the price is persistently suppressed by EMA15, and the rebound highs keep stepping down, forming a standard descending channel. The MACD indicator’s DIF and DEA are trading below the zero line. Although there are signs of a golden cross right now, it has not yet effectively formed. The shortening of the green histogram bars only indicates that bearish momentum is temporarily weakening; it does not amount to a reversal signal. On the 4-hour timeframe, be alert to the risk that support levels may break. How effective the suppression at rebound highs remains is still the key for judging short-term strength versus weakness.

Short-term reference:

If the 58,300 to 58,000 zone does not break (and you go North), set a stop loss at 57,500, with targets at 59,000 to 60,000.

If the 60,000 to 60,500 zone does not break (and you go South), set a stop loss at 61,000, with targets at 59,000 to 58,000.

For specific execution, rely mainly on the live order book data. For more information/details, please check with the author. The article may be published with a delay; the suggestions are for reference only—risk is entirely yours. ‌#预测世界杯法国VS瑞典