# Market Review

The afternoon price of BTC continued to oscillate around 74,000, dipped to 73,700, and then rebounded to 74,271. In the evening, there was a sharp one-sided decline down to 72,700. In our midday analysis, our long position at 73,700 was successfully filled. We exited at 7,420 with a profit margin of about 500 points. Currently, BTC is oscillating at 72,700.

From the current market view, the 4-hour chart may be constructing an incipient head-and-shoulders top pattern, with the neckline support located around 73,500. If the neckline support breaks, technical selling could accelerate. The 4-hour MACD has formed a death cross, which is a clear signal that short-term bullish momentum is exhausted and bearish momentum is taking over. The current price has already broken below the 73,500 support level, and the 4-hour Bollinger Band middle band has also broken below 73,500, suggesting that price may experience another decline.

## Evening Trading Strategy

BTC: Short near 73,200 | Target: 71,800