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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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August 26th BTC midday thoughts
BTC price shows a continuous bearish trend, with the Bollinger Bands opening downwards. The price remains under pressure below the 5-day moving average resistance level of 110720. EMA24 and EMA52 maintain a bearish crossover pattern, indicating a clear short-term bearish trend.
Operation Suggestions:
Short position entry: Set up short positions around 110500 and 111000.
Target price: Looking towards around 108700.