#美国贸易赤字状况 Looking at the hourly chart, Bitcoin just bounced back and then got pushed down again. Several consecutive bearish candles have formed, and the bears are definitely exerting force. All three Bollinger Band trajectories are trending downward, with the upper band firmly capping the upside, while the middle and lower bands are also stepping down together—a textbook bearish channel formation.
The MACD is showing the same situation—the fast and slow lines are about to form a death cross, the bullish momentum is clearly fading, and the overall picture still looks weak.
To be frank, there might be a rebound opportunity in the short term, but don't expect the rebound to reverse the trend. The more realistic approach should be to sell into any rebounds. $BTC
#美国贸易赤字状况 Looking at the hourly chart, Bitcoin just bounced back and then got pushed down again. Several consecutive bearish candles have formed, and the bears are definitely exerting force. All three Bollinger Band trajectories are trending downward, with the upper band firmly capping the upside, while the middle and lower bands are also stepping down together—a textbook bearish channel formation.
The MACD is showing the same situation—the fast and slow lines are about to form a death cross, the bullish momentum is clearly fading, and the overall picture still looks weak.
To be frank, there might be a rebound opportunity in the short term, but don't expect the rebound to reverse the trend. The more realistic approach should be to sell into any rebounds. $BTC