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Bitcoin's major cycle daily chart shows consecutive downward candles, with the price below the moving averages. The indicator in the attached chart shows a golden cross with decreasing volume, indicating a current downtrend!
The short-term hourly chart yesterday showed a decline, and this morning the price touched a support level around 87,500 and rebounded, but the overall trend remains bearish!
The intraday rebound should be viewed as a correction. Currently, the price is consolidating at a high level, but the indicator in the attached chart shows a golden cross with decreasing volume. During the European session, we should still expect downward pressure!
Target around 88,900! #加密市场反弹 $BTC