#美联储降息 $BTC recent trend has indeed been less than ideal. The daily moving averages are in a bearish alignment, and the downward trendline drawn from the October high has been pressing down from above, making each rebound seem weak.

Looking at the market sentiment makes it even clearer. The long-short ratio is only 0.85, indicating that the bulls are retreating, and the main force is experiencing net outflows. The most disheartening thing is that long contracts have been frequently liquidated recently, showing that traders' confidence is clearly wavering.

On the macro level, there’s little room for traders to breathe. The Federal Reserve has become more cautious about interest rate cuts, and market expectations are that liquidity will tighten, putting pressure on risk assets.

From the indicators, although RSI shows a weak divergence, it has not confirmed a reversal yet. The bearish momentum on MACD still exists, and no obvious reversal signals have appeared. At this point, it’s better to wait before trying to bottom fish.

Short-term trading strategy: Consider short positions in the 88000-88500 range, with targets at the support levels of 86000-85000. Of course, the specific approach should still depend on your risk tolerance.