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$BTC The current chart has formed a standard bearish pattern, and the daily downtrend continues. Both the weekly and daily moving averages are in a bearish alignment, with weak rebound strength and no effective support from bulls.
The RSI indicator has been in the low weak zone for a long time, the MACD green bars are continuously lengthening, and bearish power is still being released without signs of weakening. Overall market sentiment is cautious, with funds shifting to safe-haven assets, and the entire crypto sector is under pressure.
Simply follow the bearish direction in operation, and wait patiently for a clear reversal signal in the chart trend before changing the trading strategy.
Operation suggestion: Go short around 6.02-6.09, with a target of 5.8-5.85.
The RSI indicator has been in the low and weak area for a long time, the MACD green bars are continuously lengthening, and the bearish momentum is still being released without any signs of weakening. Overall market sentiment is cautious, with funds shifting to safe-haven assets, and the entire crypto sector remains under pressure.
For overall operations, just follow the bearish direction and wait patiently for a clear reversal signal in the market trend before changing your trading approach.
Trading suggestion: short near 6.02-6.09, target 5.8-5.85