【Morning Market Watch: BTC Long-Short Tug of War】
Waking up, Bitcoin is once again playing "back and forth". Several key signals in the market are worth noting:
1️⃣ Volume Alert:
Continuous three 4-hour candlesticks with reduced volume rising in the early morning
Buying momentum has significantly weakened, and there is a divergence between volume and price
2️⃣ Technical Indicators:
RSI is flattening around 60, losing upward momentum
The 4-hour Bollinger Bands are starting to contract, and volatility is decreasing
Key Level Layout:
✔️ Ideal Short Position Entry: 94500-94700 range
✔️ Strict Stop Loss: 95050 (stop loss immediately if it breaks the previous high)
✔️ First Target Level: 93800 (previous low support)
✔️ Second Target Level: 93200 (Fibonacci 38.2% retracement level)
Operational Reminder:
⚠️ The current market is in a high-level consolidation phase
⚠️ A one-sided trend is unlikely, suitable for quick in-and-out trades
⚠️ Position suggestion to be controlled at 3%-5%
⚠️ For trapped short positions, it is advisable to exit at break-even or with a small profit
(Market Watch Note: Bitcoin is forming a new consolidation range at 94000-95000, waiting for a breakout direction confirmation)
Specific layout strategies have already been announced internally #BTC☀️ #SEC推迟多个现货ETF审批