Bitcoin Short-Term Trading Analysis and Strategy

The current price of Bitcoin is approximately 87,400, maintaining a range-bound movement within the intraday session, with prices trading inside the 4-hour channel. After testing the lower band of the channel in the early morning, the price rebounded to the midline, then faced resistance again. Short-term bullish momentum is weakening, and the market shows a further downward trend.

From a technical indicator perspective, the MACD histogram is expanding in red, with DIF and DEA forming a death cross; the three lines of the KDJ are spreading downward, approaching oversold territory; the RSI lines are turning downward, lacking upward momentum. Multiple indicators suggest that the short-term market still has room to decline. Additionally, the BOLL channel is currently in a parallel state, not fully releasing trend momentum. Only when the price breaks below the previous low can the bearish target be further lowered.

Attention should be paid to the early morning low point and the 86,000 support level. If the price reaches the daily lower band support, a low-buying strategy can be attempted; during the short-term rebound phase, focus on shorting at higher levels, especially around the upper 4-hour band and yesterday’s high for potential short opportunities.

Trading Entry Strategy

- Short: Enter short near 88,500, with a stop-loss set above 89,700; take profit targets at 87,500-86,600. If the price breaks below 86,500-86,000, or if it drops near 86,000, consider low buying for a rebound.