$BTC Intraday Trend Analysis and Trading Views


The hourly K-line is in an upward trend, but weekend liquidity is poor—so the risk-reward ratio for betting on the continuation of that trend is very weak.
But that’s secondary. When we look at the indicators together, it has the same divergence pattern with the MACD over the past day.
And we can see the market is starting to move into a shape that soon may form a death cross.
So subjectively, I think today could see an overall pullback.
As for the closest entry point, I would choose to place a sell (short) limit order around 62600-62700.
But overall, the plan for today is not to go long—shorts are the main focus.
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