On the Bitcoin macro daily chart level, the candlestick pattern shows continuous bearish candles, with the price below the moving average. The attached indicator has formed a death cross and is trending downward, making the overall downtrend very obvious. Maintain a short-term, sell-on-rallies approach!
On the short-term hourly chart, both yesterday's intraday and the European session saw the price break below the previous day's low. The US session did not continue the move but instead consolidated. After a correction this morning, there was another rejection at resistance, and currently, the candlestick pattern remains bearish with the price below the moving average. The attached indicator has formed a golden cross but with reduced volume, so we still expect the downtrend to continue today!
Short at the current price around 84,600, stop loss at 85,100, target 83,000! #比特币行情观察 $BTC
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
On the Bitcoin macro daily chart level, the candlestick pattern shows continuous bearish candles, with the price below the moving average. The attached indicator has formed a death cross and is trending downward, making the overall downtrend very obvious. Maintain a short-term, sell-on-rallies approach!
On the short-term hourly chart, both yesterday's intraday and the European session saw the price break below the previous day's low. The US session did not continue the move but instead consolidated. After a correction this morning, there was another rejection at resistance, and currently, the candlestick pattern remains bearish with the price below the moving average. The attached indicator has formed a golden cross but with reduced volume, so we still expect the downtrend to continue today!
Short at the current price around 84,600, stop loss at 85,100, target 83,000! #比特币行情观察 $BTC