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Today's Bitcoin Evening Analysis (Tuesday)
I. Overall Trend
Short-term remains bear-dominated, rebounds are mostly corrections during downtrends, reversal signals have not yet appeared.
II. Technical Evidence for Shorting
• Daily Level
Continuous weakness after topping at high levels, moving averages in bear arrangement pressing downward; MACD death cross at high levels with expanding green columns, RSI relatively weak; rebounds consistently unable to hold key resistance levels, upside momentum exhausted.
• 4-Hour Level
Clear descending channel, price tightly suppressed by Bollinger Band midline and moving averages; rebounds lack volume, falling immediately upon resistance, characteristic of bull traps, bulls lack power to break through.
• Volume Structure
Volume expansion on downtrends, volume compression on rebounds, rebounds without volume must fall back, bear momentum remains unbroken.
Bitcoin: Rebounds at 71500-72000 can move south
First target: Around 70500
Second target: 68000 (cautiously) #Gate正式接入Polymarket $BTC