[Technical background]
Daily chart: Although the price structure remains strong, the candlestick shows upper shadow combinations, indicating increased selling pressure above.
4-hour chart: Forming an M-head right shoulder structure, 2.36 failed to break effectively, indicating a potential short-term top. The price has broken below the 2.25 support, with MA5 and MA10 death cross suppressing.
1-hour chart: The short term has clearly lost the bullish trend line, with downward momentum combined with MACD death cross, indicating dominance of bearish momentum.
[Short position strategy settings]
Opening position: 2.2370 (confirmation of breaking below the neckline)
First take profit level: 2.2035
Second take profit level: 2.1705
Stop loss level: 2.2885
In the context of a bearish market, the focus is on shorting for a decline. If it subsequently breaks below 2.17, it is expected to extend to the 2.10 area.#SEC推迟多个现货ETF审批 #BNB #BTC #SOL #DOGE $BTC $XRP $SOL
