Bitcoin BITCOIN quickly fell after triggering an overbought signal in a 4-hour cycle, and the price is still in a downward trend. The overbought signal has not yet appeared. The key to observe next is the first reaction of the market once oversold is triggered. If it rebounds quickly like last time, it means that the bulls still have strength; If the response is slow or even continues to decline, it means that the bullish momentum is insufficient. In terms of operation, pay more attention to positions 112920 and 112250. But it should be clear that this is only a low buying opportunity within the range oscillation, not a long order with a trend reversal. If it falls below 112000, the interval logic becomes invalid and a stop loss is required to exit.