Recently, M Valley has performed remarkably, consistently opening high and continuing to rise, demonstrating a strong bullish momentum.
In contrast, Bitcoin has shown a completely different divergence. It has been sluggish for several days, failing to achieve an effective breakthrough. Compared to the commonly seen high opening and high rising market, the current number of bearish candles has sharply increased, highlighting a significant contrast.
From a technical indicator perspective, the Bollinger Bands' contraction is beginning to tilt downward. This change suggests that, in the short term, Bitcoin may exhibit a turbulent and weak situation.
Suggestion: Enter a short position near 104500 with a target of 102500.
For the long-term bullish scenario, strong support is near 102, looking towards around 107000 (do not chase long positions below the pin).
