From the four-hour chart, the BTC trend shows signs of fatigue, with the rise being suppressed, and the price has difficulty breaking through again recently, consistently moving downward along the lower band. After experiencing a significant dip, it presents a cross candle pattern. Although BTC has rebounded, the long positions' willingness to rebound is evidently insufficient, and it has not been able to break through the key area, which means this rebound looks more like a normal correction, and the short positions still dominate the short-term trend.



The market liquidity is relatively low over the weekend, and price fluctuations are expected to be limited, with a small possibility of a significant decline. Subsequent intraday trading can be flexibly adjusted based on patterns and structures, with both long and short positions having good space, which tests the control of actual trading positions.

It is recommended to short positions on BTC when it pulls back to the range of 114000-114500, with the target looking towards around 112000 #BTC# #6 BTC全民空投限时派送中# #Gate Alpha积分撸40U# #白宫加密报告发布# .
BTC-1.06%
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
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)