$BTC

Bitcoin has recently continued its volatile downward trend. The two consecutive high-position shorts we set up yesterday also performed well, dropping significantly from the highs. The afternoon long position set up on the pullback did not see a significant rally, and the trend remains weak. It’s still advisable to follow the trend and prioritize short positions. On the candlestick chart, the price is showing a volatile downward trend with consecutive bearish closes and lower highs. After the previous surge and pullback, the rebound has been weak, indicating that the market is still in an adjustment phase. On the technical side, the 4-hour MACD histogram remains negative, and both the fast and slow lines are diverging downward, suggesting that the bearish trend is dominant.