BTC has entered a state of fluctuating consolidation. Yesterday, it faced resistance around the 88500 level and rebounded near 86000. Our short positions have also been successfully captured, and it is currently trading around 88100. The current market data seems to indicate strong long positions, but the monthly chart shows a death cross pointing downward, while the weekly chart continues to decline with consecutive bearish candles. The volume bars are also steadily increasing. After the weekend's fluctuation, the daily chart shows a contraction in volume. The 4-hour chart indicates a need for a rebound as it fluctuates upwards. In the overall bearish trend, rebounds present opportunities for dumping and short positions. Short-term operations should continue to sell on rebounds.
Operation suggestion: short near 88500, target downward looking at 85500 line #Gate广场圣诞送温暖 $BTC $ETH
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BTC has entered a state of fluctuating consolidation. Yesterday, it faced resistance around the 88500 level and rebounded near 86000. Our short positions have also been successfully captured, and it is currently trading around 88100. The current market data seems to indicate strong long positions, but the monthly chart shows a death cross pointing downward, while the weekly chart continues to decline with consecutive bearish candles. The volume bars are also steadily increasing. After the weekend's fluctuation, the daily chart shows a contraction in volume. The 4-hour chart indicates a need for a rebound as it fluctuates upwards. In the overall bearish trend, rebounds present opportunities for dumping and short positions. Short-term operations should continue to sell on rebounds.
Operation suggestion: short near 88500, target downward looking at 85500 line #Gate广场圣诞送温暖 $BTC $ETH