U.S. stocks opened lower and then moved higher, basically recovering the decline. However, currently Bitcoin is not performing well; it has just experienced a short-term hourly rebound. In the short term, resistance is again encountered above, and the bulls' rebound is not very obvious. I just exited my short position and am looking for a good entry point to go long. The market has been quite weak recently; breakout and consolidation strategies are not working well.



Technical Analysis Daily Chart DIF = -835.4, DEA = -584.7, both lines below the zero line, with DIF running deeper than DEA, indicating a continuation of the bearish death cross. There are no signs of a golden cross at the moment, and the medium-term trend remains weak. 15-minute DIF = +109.7, DEA = +25.2, short-term MACD shows a golden cross, indicating short-term bullish sentiment, but its sustainability is questionable. Continue to look for a bottom in the short term.
BTC0,77%
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