On the Bitcoin daily chart, after surging to 87385, the highs have been gradually declining. Early this morning, the price broke straight below the 80500 level and is currently trading below the middle band. The daily KDJ has turned downward, with the J value retreating to the 14 range. The MACD red bars continue to shrink, while bearish momentum is gradually building. The daily uptrend has stalled and entered a pullback phase from elevated levels. On the 4-hour chart, the market has been trending steadily lower from the high of 87249, forming a clear downtrend. The rebound that began at this cycle’s low of 80344 is merely a pause and recovery within the decline, not the start of a new bullish trend. Rebound volume is insufficient, and selling pressure remains overhead, so the bounce is simply providing bears with a better opportunity to trade. On the 1-hour chart, the previous rebound pushed the KDJ into overbought territory, but short-term bullish volume has not increased noticeably, leaving the price vulnerable to a pullback at any time.
Reference: Short at 82500, target 80500, risk limit 1000 points $BTC