4.28 Afternoon Thoughts
From a technical perspective, after the daily chart formed a standard bearish candlestick and a doji, it closed lower as expected this morning. The Bollinger Bands are severely constricted, and the price is slowly moving down from the upper band. The KDJ lines are turning down from a high position, about to form a death cross, and the MACD is also turning down from a high position, with volume gradually decreasing!
Recommendations
Bitcoin: Short at 936-940, target 928/920, with a stop at 945
