Looking at the four-hour chart, the coin price has experienced three consecutive bullish days, testing near the upper band, then continuously forming doji candles. Currently, the price is forming a medium-length bearish candle, indicating a continued correction and repair of the chart pattern. Due to geopolitical factors, the bulls are struggling to make a substantial breakthrough upward. The bullish momentum is gradually weakening, and the three lines of the KDJ indicator are converging from top to bottom, showing a downward trend. Therefore, we continue to expect the price to follow a downward trend in the future.

In the short-term hourly chart, after a rebound near the upper band, the price has entered a phase of alternating small bullish and bearish candles, moving in a tug-of-war and consolidation stage. Currently, it is moving downward with two consecutive bearish candles toward the middle band. The MACD shows a gradual turning bearish, and the KDJ is accelerating downward and diverging. We continue to expect the price to follow a downward trend, and it is still advisable to participate in high-position rebounds for shorting. #比特币跳水29万人爆仓