BTC short-term is trapped in a bearish oscillation pattern, and the volume-price divergence signal is worth noting.

[币界] BTC's recent trend is quite interesting.

In the last 4 hours of trading, the price has sharply dropped from the peak at 12:00 on November 30. Although it has recovered somewhat from the low point at 8:00 on the 29th, the large bearish candle is still there, and the last one also closed bearish, indicating a definite bearish pattern.

The trading volume is more interesting here—volume is increasing, but prices are falling. What does this indicate? There is strong selling pressure, and someone is offloading their assets.

Technical analysis at a glance:

The MACD doesn't show any clear direction, but the histogram has been floating in the negative area and is getting longer, the bears are indeed fierce this time.

The KDJ hasn't shown any golden or death cross signals, but the value has soared to 84, which is already considered an overbought zone. It's a bit contradictory, isn't it? The price is falling, but the indicator is overbought, indicating that there may be a technical rebound in the short term.

In terms of moving averages, at 16:00 and 20:00 on November 30, MA10 is still below MA30, indicating that the typical downtrend pattern has not yet been reversed.

Key points to look at:

• Recently reached a high of 92362.49 and a low of 86978.0, with significant volatility.
• The support level is near 90198.0, and the resistance level is stuck at 91945.0
• If you want to bottom fish, 85842.0 is a reference point, if you're aggressive, you can look at 87294.34, but the stop loss should be set at 86543.11
• If you want to short, 91945.0 and 92944.37 are two exit points, with the stop loss set above 92824.3.

In simple terms, we are currently in a volatile bearish pattern. There is a divergence between volume and price + conflicting technical indicators, so be cautious with short-term operations. Don't chase highs and don't blindly bottom fish; wait until the direction is clear before making decisions.