#BTC From the four-hour Candlestick chart, the price encounters significant pressure near the lower band at 106200. The MACD indicator shows a death cross pattern, with green bars continuously expanding, indicating that the bearish momentum is gradually strengthening. The three lines of the KDJ are diverging downward, further confirming a short-term bearish dominant trend. Additionally, the four-hour Candlestick has continuously closed in the red, with rebound momentum being extremely weak. Currently, in this trend, one should short on any rebound.



Personal opinion, for reference only:
Bitcoin 108300 line concave, target 106500, 105800
BTC-2.10%
View Original
post-image
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned