BTC Market Analysis: Major Trend Bearish #BTC


Daily Level: Price has reached the convergence point of SMA20/50, which is also near the midline of last week's high and low points, as well as near the midline of last month's high and low points, which provides some support
4H Level: EMA20/50 has not yet issued a death cross, but the K-line is already running below EMA200, undoubtedly a bearish trend
Summary: Although a reversal signal of 9 has appeared, according to my previous trading habits, I would definitely have opened a long position, but not this time. I'll look for opportunities to short in line with the trend, and won't chase this rebound as the risk is relatively high😂
BTC-0,03%
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