Daily chart level, $BTC is in a high-level box oscillation, with alternating K-line bullish and bearish movements, indicating fierce long and short battles. The MACD indicator shows a top divergence, and the upward momentum has clearly weakened, suggesting an increased risk of short-term adjustments.
In the 4-hour chart, the price forms a double top prototype, with the RSI leveling in the overbought zone, indicating insufficient bullish momentum and a high risk of chasing the rise. Overall, it is not advisable to chase higher prices at the moment, and it is recommended to focus on short positions.
Bitcoin midday trading suggestion: Short around 106000, target 103800, stop loss 107200.
