The previous gap has already been filled, and there are signs of market weakness. From the candlestick perspective, yesterday's solid bearish candle engulfed the previous day's lower shadow, and today continues to decline. This kind of bearish engulfing pattern suggests a potential market reversal. On the 4-hour chart, the MACD is approaching the zero line. As long as the daily closing price stays above the 90,000 level, a rebound is expected; otherwise, this trend may come to an end.
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【BTC Price Trend Analysis - Surge!? Crash!?】
The previous gap has already been filled, and there are signs of market weakness. From the candlestick perspective, yesterday's solid bearish candle engulfed the previous day's lower shadow, and today continues to decline. This kind of bearish engulfing pattern suggests a potential market reversal. On the 4-hour chart, the MACD is approaching the zero line. As long as the daily closing price stays above the 90,000 level, a rebound is expected; otherwise, this trend may come to an end.
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