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.
BTC-0.57%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
TokenUnlockervip
· 09-03 02:53
Observe more, act less.
View OriginalReply0
Ramen_Until_Richvip
· 09-03 02:53
Balance of long and short positions looks for a breakout
View OriginalReply0
MetaverseLandlordvip
· 09-03 02:53
Profit and loss are your own responsibility.
View OriginalReply0
GasFeeLovervip
· 09-03 02:48
Waiting for the trend breakout
View OriginalReply0
DeepRabbitHolevip
· 09-03 02:38
It's hard to follow trends, just wait for opportunities.
View OriginalReply0
MissedAirdropAgainvip
· 09-03 02:31
Patiently wait for the long/short breakout
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)