Currently, from the market chart, the main cryptocurrency is in a bearish arrangement of moving averages, forming a strong bearish resonance. The decreasing trading volume further confirms the weakness. The current market is clearly in a downward trend, and technical signals indicate the possibility of further decline in the short term. The bearish arrangement of key moving averages creates a strong bearish resonance, while the extreme reduction in volume further confirms the market's weak pattern. Additionally, although the price attempted a rebound, the divergence between volume and price indicates that the rebound lacks sustainability.

External environment-wise, market sentiment is neutral, macro pressures are limited, and there are no significant event risks. However, the neutral rating of the external environment also means its support for the market is limited and cannot reverse the current technical weakness. Therefore, the market may continue its downward trend in the short term.

Before the US market opens, the release of CPI data caused two small upward movements in the market, with the main cryptocurrency and the "second wife" reaching around 89,400 and 2,997 respectively. However, there was no effective breakthrough of the resistance levels above, providing us with an opportunity to set up short positions. Around 89,000, Jinchen initiated a short position at the current price, and similarly, the "second wife" at 2,955 provided a short entry idea. As of now, the main cryptocurrency has fallen back to around 85,400, and the "second wife" is around 2,820.

In the short term, the market may experience larger fluctuations today due to the implementation of Japan's interest rate hike and preparations for Black Friday.

Follow Jinchen's trading system and move forward steadily! $BTC #市场触底了吗？