8.11 Evening Analysis of $BTC
The 4-hour cycle previously maintained a stair-step oscillating upward trend, with prices steadily rising and refreshing the stage high of 65482.7;
After touching the top, bullish buying was completely exhausted, and consecutive large bearish candles quickly retraced, fully opening the short-term downward channel; the current slight rebound is only a technical weak bounce during the decline, unable to reverse the overall main trend dominated by bears. Dual-line structure: DIF turned sharply downward from a high level, continuing to run below DEA, with both lines diverging downward in sync; bullish momentum rapidly faded, while bearish momentum continued to accumulate;
Energy bar performance: MACD shifted from the previous small bullish red bars to an extremely long bearish green bar with significant expansion, indicating that the current short-term bearish selling pressure is in a very strong range;
Cycle trend interpretation: the two lines have already crossed below the zero axis, marking that the 4-hour medium-term trend has officially shifted from bullish to bearish. At this stage, the slight rebound is only a brief repair and shakeout after the decline; medium- and long-term downward pressure has not eased. My personal suggestion: short around 64500-65300, target around 63800-63000 #BTC #ETH #BTC走势分析
The 4-hour cycle previously maintained a stair-step oscillating upward trend, with prices steadily rising and refreshing the stage high of 65482.7;
After touching the top, bullish buying was completely exhausted, and consecutive large bearish candles quickly retraced, fully opening the short-term downward channel; the current slight rebound is only a technical weak bounce during the decline, unable to reverse the overall main trend dominated by bears. Dual-line structure: DIF turned sharply downward from a high level, continuing to run below DEA, with both lines diverging downward in sync; bullish momentum rapidly faded, while bearish momentum continued to accumulate;
Energy bar performance: MACD shifted from the previous small bullish red bars to an extremely long bearish green bar with significant expansion, indicating that the current short-term bearish selling pressure is in a very strong range;
Cycle trend interpretation: the two lines have already crossed below the zero axis, marking that the 4-hour medium-term trend has officially shifted from bullish to bearish. At this stage, the slight rebound is only a brief repair and shakeout after the decline; medium- and long-term downward pressure has not eased. My personal suggestion: short around 64500-65300, target around 63800-63000 #BTC #ETH #BTC走势分析