#数字货币市场回升 This round of sell with bearish market is indeed fierce, with a single-day fall of nearly 6%, the price plummeting from $899 to $820, and the short positions this time showed no mercy.

Looking at the daily chart, a large bearish candlestick has pierced through the lower Bollinger Band at the 840 level, signaling a clear break. After the MACD indicator formed a death cross, the green histogram has surged wildly, with downward pressure visibly apparent. It is worth noting that the 6-day RSI has dropped to an extreme position of 17.07—this oversold condition theoretically could trigger a short-term corrective rebound, but the overall trend has completely weakened.

Looking at the four-hour cycle: the Bollinger Bands are opening downwards, and the price is running outside the lower band, with a strong downtrend. The MACD is running below the zero axis with a death cross, and there are currently no signs of divergence. Capital has flowed out by 9.46 million, and selling pressure continues to exist.

Operational ideas:

If you are going short, it is recommended to wait for the price to pull back to the 830-840 resistance zone before entering, with a target area below 800.