From the 4-hour timeframe, the price movement is in sync with the daily chart, showing an overall bearish bias. The price was suppressed near the key supply zone at 0.67, forming a lower high—this structure basically confirms that the downward channel is still ongoing.

Switching to the 1-hour, a shorter timeframe, the RSI couldn’t hold above the 50 midline and was pushed back down, indicating that the bullish momentum has been exhausted. At the same time, the price broke below the short-term EMA, which is a clear signal that the bears have regained control. The odds for shorting here are actually quite high—after all, it’s in line with the main downtrend on the 4-hour chart. We wait for the price to retrace to a resistance level and show obvious signs of failure before entering, which places us right at the point where the main trend resumes.

Current possible short setup:
Entry: Market price 0.6043
First target: 0.5665
Second target: 0.5288
Stop loss: 0.6295

#比特币对比代币化黄金 $LDO $CLANKER