Observing the overall market data structure of BTC, the daily chart has shown a clear weakening of upward momentum after experiencing a series of small bullish lines rebound. Recently, it has turned into a pattern of consecutive bearish lines. Today's candlestick formed a longer upper wick, closing in a bearish line shape, and the trend continued the weakness from the previous trading day. Currently, the price is operating below the middle band of the daily chart, indicating that the main market trend is still leaning towards short positions.
It is recommended to short around 86900 and 87400, with an initial target of 83800 and a break below looking at 80000. $BTC $ETH #晒出我的Alpha积分
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Observing the overall market data structure of BTC, the daily chart has shown a clear weakening of upward momentum after experiencing a series of small bullish lines rebound. Recently, it has turned into a pattern of consecutive bearish lines. Today's candlestick formed a longer upper wick, closing in a bearish line shape, and the trend continued the weakness from the previous trading day. Currently, the price is operating below the middle band of the daily chart, indicating that the main market trend is still leaning towards short positions.
It is recommended to short around 86900 and 87400, with an initial target of 83800 and a break below looking at 80000.
$BTC $ETH #晒出我的Alpha积分