In the current cryptocurrency market, Bitcoin's performance has attracted the attention of investors. Currently, Bitcoin's price hovers around $114,500. From the market conditions in the 4-hour time frame, accompanied by a significant increase in volume, Bitcoin shows a slow rise trend.



It is worth noting that despite facing unfavorable economic data, Bitcoin has not experienced the expected pullback. This anomalous phenomenon may suggest that the market is undergoing a deceptive bullish trap. Historical experience indicates that this slow rise pattern often foreshadows a sudden crash, and investors should remain highly vigilant.

Given the current market situation, it is recommended that investors adopt a cautious approach in short-term trading, primarily focusing on a high-position short-selling strategy. The specific operational suggestion is to establish short positions around 114,700 dollars, with a target price set at approximately 111,000 dollars.

However, we also need to recognize that the high volatility of the cryptocurrency market means that any predictions come with uncertainty. Investors should consider multiple factors when making decisions, including but not limited to technical analysis, fundamental analysis, and global economic conditions, to comprehensively assess risks. At the same time, establishing appropriate risk management strategies, such as setting stop-loss points, is also crucial.

Overall, although Bitcoin may face downward pressure in the short term, the long-term prospects for the development of blockchain technology and cryptocurrencies remain worth paying attention to. Investors should stay rational, continuously learn, and adapt to this rapidly changing market.
BTC1.41%
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
  • 5
  • Repost
  • Share
Comment
0/400
OnchainDetectivevip
· 6h ago
A fall is not necessarily accurate.
View OriginalReply0
ClassicDumpstervip
· 6h ago
Just pass the baton and it's done.
View OriginalReply0
CoffeeNFTradervip
· 6h ago
bear trap has appeared
View OriginalReply0
BearMarketBardvip
· 6h ago
Being bearish is a bit hasty.
View OriginalReply0
BitcoinDaddyvip
· 6h ago
bearish traders head coach has arrived
View OriginalReply0
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)