Bitcoin officially began its volatile downward trend after reaching $91,955 on Sunday evening. It opened at $90,500 yesterday morning at 8:00 AM, followed by a sharp decline, dropping to around $85,570 by midday, and then experienced a slight rebound, peaking at $86,880 before facing pressure again. During the early morning hours, Bitcoin dipped to a low of $83,780, after which it began a moderate rebound, currently oscillating around $86,500. From the four-hour chart perspective, the market has remained in a one-way downward trend, with several rebounds during this period failing to change the overall weak pattern. More critically, during the rebound process, trading volume has consistently shown a shrinking trend, which directly reflects a lack of sufficient capital momentum supporting the bulls' counterattack; the so-called rebound is merely a technical breather within a bearish trend. This divergence between volume and price in the weak rebound pattern has clear guiding significance, indicating that after a short-term adjustment, the market will likely continue its original downward trajectory. Investors should not misinterpret the temporary rebound as a signal of trend reversal, as blindly chasing long positions carries a very high risk.
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GateUser-38b70f84
· 12-02 01:53
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Bitcoin officially began its volatile downward trend after reaching $91,955 on Sunday evening. It opened at $90,500 yesterday morning at 8:00 AM, followed by a sharp decline, dropping to around $85,570 by midday, and then experienced a slight rebound, peaking at $86,880 before facing pressure again. During the early morning hours, Bitcoin dipped to a low of $83,780, after which it began a moderate rebound, currently oscillating around $86,500. From the four-hour chart perspective, the market has remained in a one-way downward trend, with several rebounds during this period failing to change the overall weak pattern. More critically, during the rebound process, trading volume has consistently shown a shrinking trend, which directly reflects a lack of sufficient capital momentum supporting the bulls' counterattack; the so-called rebound is merely a technical breather within a bearish trend. This divergence between volume and price in the weak rebound pattern has clear guiding significance, indicating that after a short-term adjustment, the market will likely continue its original downward trajectory. Investors should not misinterpret the temporary rebound as a signal of trend reversal, as blindly chasing long positions carries a very high risk.