The pancake is in a four-hour level oscillation, with prices below EMA7/30/120. EMA30 and EMA120 have a dead cross, indicating a bearish medium-term trend.

The MACD at the 4H level shows negative DIF and DEA values that are diverging downwards, with bearish momentum prevailing and no significant bottom divergence.

Lightly test the bearish position above 88,000; set the stop loss at 90,000, with a target of 86,500. $BTC
$ETH
$BNB
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