Recently, the Bitcoin market has shown positive signals, with the potential to break through the existing downward channel. On the daily chart, the MACD indicator has started to turn upwards, indicating a possible upward trend in the short term.
In day trading, we observe that the spot premium is continuously rising, which usually indicates that market sentiment is turning optimistic. Prices frequently test the upper resistance levels, and although there is still a risk of false breakouts, the likelihood of an upward breakout has significantly increased.
It is worth noting that if the breakout is successful, it may trigger the liquidation of a large number of short positions, especially in contracts with a 12-period limit. The occurrence of this situation will further drive the price up, creating a virtuous cycle.
However, investors should remain cautious and closely monitor market changes. After a breakout confirmation, it may be considered to moderately increase long positions, but at the same time, stop-losses should be set to control risk. The trends in the coming days will be crucial and may determine the direction of Bitcoin's mid-term trend.
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LucidSleepwalker
· 09-03 15:51
Breakthrough a hammer, even short-term trading can't be understood.
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LiquidationWatcher
· 09-03 15:51
Short order is going to be smashed through!
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GateUser-a5fa8bd0
· 09-03 15:49
go long enter a position!
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ChainSauceMaster
· 09-03 15:43
It's just another round of Rebound traps.
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MetaverseLandlord
· 09-03 15:28
Looks like the long positions are going to make a fortune this time.
Recently, the Bitcoin market has shown positive signals, with the potential to break through the existing downward channel. On the daily chart, the MACD indicator has started to turn upwards, indicating a possible upward trend in the short term.
In day trading, we observe that the spot premium is continuously rising, which usually indicates that market sentiment is turning optimistic. Prices frequently test the upper resistance levels, and although there is still a risk of false breakouts, the likelihood of an upward breakout has significantly increased.
It is worth noting that if the breakout is successful, it may trigger the liquidation of a large number of short positions, especially in contracts with a 12-period limit. The occurrence of this situation will further drive the price up, creating a virtuous cycle.
However, investors should remain cautious and closely monitor market changes. After a breakout confirmation, it may be considered to moderately increase long positions, but at the same time, stop-losses should be set to control risk. The trends in the coming days will be crucial and may determine the direction of Bitcoin's mid-term trend.