The bearish outlook disclosed early at midnight has constantly reminded everyone to be cautious in chasing the long. How much of it did you take in?
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5.24 Midnight Analysis:
Yesterday, Bitcoin hit a new high again, fluctuating during the day. In the evening, Trump imposed a direct 50% tariff on the EU, causing the US stock market to open lower and Bitcoin plummeted to around 107200.
The four-hour MACD is in negative territory with a dead cross between the fast and slow lines, indicating that short-term bears have the upper hand, so be cautious about chasing longs.
Trading suggestion: Short near 109500-110000, with a target of 108000-106000.
$BTC #美国加征关税
Yesterday, Bitcoin hit a new high again, fluctuating during the day. In the evening, Trump imposed a direct 50% tariff on the EU, causing the US stock market to open lower and Bitcoin plummeted to around 107200.
The four-hour MACD is in negative territory with a dead cross between the fast and slow lines, indicating that short-term bears have the upper hand, so be cautious about chasing longs.
Trading suggestion: Short near 109500-110000, with a target of 108000-106000.
$BTC #美国加征关税
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BTC
107,725.33
-2.50%
