BTC afternoon bearish market analysis

In the afternoon, BTC maintains a high-level oscillation trend, with prices repeatedly tugging within the 74,000-75,000 range. After a rally, it lacks the strength to continue upward, and overall trading volume continues to shrink. The bullish momentum is clearly insufficient, and multiple attempts to break above the 75,000 level have been met with selling pressure and pullbacks. The market's bulls and bears are in a tug-of-war, leaning towards the bears.

From the 4-hour chart, BTC price is under pressure below the short-term moving average. The Bollinger Bands are narrowing and showing signs of turning downward, indicating a gradual emergence of a bearish trend. The RSI indicator has fallen from high levels into the weak zone, and the MACD fast and slow lines have formed a death cross. The green bars continue to expand, and bearish momentum is strengthening. The 75,000-75,500 resistance zone forms a strong barrier that is difficult to break in the short term, significantly increasing the likelihood of further decline.

In the afternoon, focus on shorting on rebounds. If the price rebounds to the 75,500-75,800 range, consider entering short positions in batches, with a stop-loss set above 76,000. The first target below is 73,000, and the second target is 72,000. Strict position management is essential; avoid blindly chasing orders and mitigate market volatility risks. $BTC