BTC is being firmly pinned down in front of the 90373 barrier, with no signs of improvement visible. The MACD just experienced a death cross recently, and the bearish pattern is set to continue.
The downtrend line that started from 93440 has been sliding downward, and has now dropped to 91185. Price has been grinding along this line for exactly 39 candles, with the lowest even reaching 89588. This current rebound can't change anything.
There are two more support levels below — 89432 and 88459. Once these positions fail to hold, we'll need to look for support around 87007.
For friends still holding long positions, you need to think carefully about your stop-loss levels. The safest approach is to place your stop-loss above the trendline without being too stubborn. You can survive longer in this market without going all-in.
BTC is being firmly pinned down in front of the 90373 barrier, with no signs of improvement visible. The MACD just experienced a death cross recently, and the bearish pattern is set to continue.
The downtrend line that started from 93440 has been sliding downward, and has now dropped to 91185. Price has been grinding along this line for exactly 39 candles, with the lowest even reaching 89588. This current rebound can't change anything.
There are two more support levels below — 89432 and 88459. Once these positions fail to hold, we'll need to look for support around 87007.
For friends still holding long positions, you need to think carefully about your stop-loss levels. The safest approach is to place your stop-loss above the trendline without being too stubborn. You can survive longer in this market without going all-in.