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$BTC Morning BTC Analysis
The market has been rising all the way, but now it's stuck at a high level and can't go up anymore. Every time it tries to push up, it gets pressed back. The upper Bollinger Band is an obvious resistance level; when the price touches it, it turns downward. There is heavy selling pressure above.
Recent highs are gradually getting lower. Bulls lack the strength to make new highs. The probability of a short-term pullback is high.
It is completely not worthwhile to chase longs now. The risk far outweighs the reward. It is suitable to lay out short positions at high levels, targeting the middle Bollinger Band support.
Trading Ideas
Short near 61800-62100, target 60500-60000