Today, the Bitcoin market is showing some interesting technical indicators. On September 3rd, BTC formed a golden cross pattern on the 12-hour chart and is currently operating at the 4-hour level.
Market participants should closely monitor the following key price levels:
Support level below: - 110,300 - 109,400 - 108,250
The market sentiment indicator shows that the current BTC long-short ratio is 1.56, and the fear index is at a neutral level of 55. In actual trading, the long-short ratio is close to equilibrium, at 52:48. It is worth noting that the overall long-short ratio across the network has reached a complete balance of 50:50.
For traders, it is crucial to identify clear market patterns, and setting reasonable stop-losses should not be overlooked. In the current market environment, it is especially important to remain cautious and rational.
Overall, the Bitcoin market is currently in a delicate balance, with both bulls and bears evenly matched. Investors need to closely monitor the breakout or rebound of the key price levels mentioned above to seize potential trading opportunities. However, given the uncertainty in the market, it is advisable for investors to conduct thorough research and risk assessment before making any decisions.
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TokenUnlocker
· 09-03 02:53
Observe more, act less.
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Ramen_Until_Rich
· 09-03 02:53
Balance of long and short positions looks for a breakout
View OriginalReply0
MetaverseLandlord
· 09-03 02:53
Profit and loss are your own responsibility.
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GasFeeLover
· 09-03 02:48
Waiting for the trend breakout
View OriginalReply0
DeepRabbitHole
· 09-03 02:38
It's hard to follow trends, just wait for opportunities.
Today, the Bitcoin market is showing some interesting technical indicators. On September 3rd, BTC formed a golden cross pattern on the 12-hour chart and is currently operating at the 4-hour level.
Market participants should closely monitor the following key price levels:
Support level below:
- 110,300
- 109,400
- 108,250
Resistance level above:
- 113,100
- 114,200
- 115,300
The market sentiment indicator shows that the current BTC long-short ratio is 1.56, and the fear index is at a neutral level of 55. In actual trading, the long-short ratio is close to equilibrium, at 52:48. It is worth noting that the overall long-short ratio across the network has reached a complete balance of 50:50.
For traders, it is crucial to identify clear market patterns, and setting reasonable stop-losses should not be overlooked. In the current market environment, it is especially important to remain cautious and rational.
Overall, the Bitcoin market is currently in a delicate balance, with both bulls and bears evenly matched. Investors need to closely monitor the breakout or rebound of the key price levels mentioned above to seize potential trading opportunities. However, given the uncertainty in the market, it is advisable for investors to conduct thorough research and risk assessment before making any decisions.