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BTC Market Analysis: Bearish Overall #BTC
D-level: Watch if today's close can stay above the SMA50; otherwise, this rebound is really weak.
4H level: The candlestick has reached the upper edge of the parallel downtrend channel, and the Nine Turn Short signal 6 is emerging.
In summary: The rebound is very weak. Wait for the Nine Turn Short signal 9 to appear. If the daily close stays above the SMA50, then we’ll see. It’s a bit uncertain. Before the market opens, US stocks like Tesla and Microsoft are very strong. If there's a gap up followed by a pullback, the time has not yet come. Let’s wait and see.