Bitcoin’s long-term daily candlestick pattern shows consecutive bearish candles with a single bullish one, and the price is below the moving averages. The attached indicators are in a bearish crossover and trending downward, so the overall downtrend is still very obvious!

The weekend’s movement was mainly corrective, which is normal, so don’t let it mess up your rhythm. The strategy is still to short at high levels, keep positions short-term, and pay attention to news and data-driven volatility!

On the short-term hourly chart, there was downward pressure and a decline in the morning, with the high at the 88,200 area, which is also the resistance area of the daily moving average. The current candlestick pattern is consecutively bearish, the price is below the moving average, and the attached indicators are in a bearish crossover. Therefore, the intraday trend will most likely continue, with key focus on whether the European session breaks down!

Short on a rebound to the 87,200 area, stop loss at the 87,800 area, and target the 85,500 area! $BTC