The current situation of Bitcoin. On the hourly timeframe, the overall major trend is still bearish, with prices having fallen from a high of 81377, now oscillating at a low near 76000. The 4-hour MACD is still below the zero axis, and bearish forces have not completely dissipated. The RSI is in a relatively low range, and KDJ shows signs of a low-end turning point, which is a weak rebound after a decline, without any signals of a reversal to strength yet.

At the hourly level, the market fluctuations are more pronounced, rising after hitting pressure and then falling back again. Indicators are showing a repeated dullness, with bulls and bears contesting near the low point of 76350, while short-term resistance above is around 77500. In the short-term chart, after a quick dip to the support of 76350, it pulled back, and KDJ shows a golden cross. There is a slight demand for a short-term rebound, but this rebound is a weak retracement and the moving averages above are heavily suppressive.

Overall, the short-term has entered a low-level oscillation bottoming phase. If the rebound cannot stabilize above the 77500 pressure level, there is a possibility of another test of the low point; only a strong breakout with increased volume can open up the possibility for a larger rebound.Follow Mr. Coin for real-time market analysis.

Mr. Coin says about Bitcoin: 9.14 Short-term reference for Bitcoin:

Shorting in the range of 78000-79200, stop loss 500 points, target below 78500.

Going long in the range of 76000-75000, target above 77000, stop loss 500.

These are predictions made in advance; please refer to actual market conditions. Strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always have a stop loss and take profit to secure your gains.

For more real-time trading strategies, technical learning, and ways to reduce positions, you can follow the teacher’s public account (Mr. Coin says about Bitcoin) to get the addition method: the first ten each day can receive free strategies for reducing positions.

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