This morning’s Bitcoin outlook



Trading plan:
Short on the rebound around 604
Target 595-588

Around 590, you can lightly attempt longs

After Bitcoin breaks below the middle band, the trend has turned bearish; rebounds are a high-altitude window for shorting.
With the middle band turning from support into resistance, bulls’ confidence is damaged, and there’s not enough willingness to chase highs.
The rebound strength is weaker than in the previous round of decline, and momentum indicators continue to point to the bears.
Sideways consolidation drains bulls’ patience, and time is on the bears’ side.
Don’t chase a sharp selloff; wait until the pullback turns weak before entering.
Use the middle band as the bull-bear dividing line; until it’s reclaimed, only short, not long.
Below, watch how price holds in the area of the prior low.
If this area is tested again, the probability of a breakdown increases over time. $BTC #TradFiCFD黄金大师赛
BTC-0.02%
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