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BTC Multi-Period Analysis: Short positions are clear, looking down at the 80,000 level.



The signal after the BTC monthly K-line closing is very clear: after forming a triple top around 124000, it has pulled back, and has now broken below the support of the monthly K-line mid-track. The monthly line has recorded two consecutive bearish candles, with MACD bearish momentum continuing to increase. KDJ and RSI are simultaneously turning down, indicating an unambiguous bearish mid-term trend.

On the weekly K chart, both the middle and lower bands of the Bollinger Bands are opening downwards. Although last week closed with a small bullish candle with upper and lower shadows, the upper shadow is significantly longer than the lower shadow, indicating much heavier selling pressure. The price has also fallen back below the lower band, and the MACD bearish momentum is still increasing. This week, I remain firmly bearish and expect a second test of the 80,000 level.

The daily K-line has formed three consecutive bearish candles, being pressed down by the middle track throughout. The upper and middle bands of the Bollinger Bands are both opening downward, and the KDJ has formed a dead cross at a high position and continues to move downward; the short-term 4-hour level is even more direct, with a large bearish candle directly breaking through the lower track support.
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ETH10.27%
BTC8.24%
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