$BTC 10.22 Xincheng Afternoon Bitcoin Market Analysis



The market has been in a range-bound fluctuation since this morning, with no significant swings up or down. However, on the four-hour chart, the MACD bearish momentum is beginning to strengthen. After the death cross on the KDJ, the downward trend is clear. Continuing with the morning's outlook on Bitcoin, short positions are recommended in the short term.

Trading suggestion: Short between 108,200 and 107,700. In the short term, look toward 107,000; if this level is broken, continue to target 106,000.
BTC2.23%
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