BTC Market Update | Long and Short Tug of War Begins!
Bitcoin daily level is stuck at the support of the lifeline, MACD death cross indicates the risk of a pullback, but the probability of a sharp decline is currently low. The upper pressure at 106800 is obvious, while the strong support at 100000 is solid; in the short term, there is a high probability of continued oscillation and consolidation.
On the 4-hour level, MACD golden cross indicates a small short-term rebound, but don't expect too much due to insufficient volume. In terms of operations:
Long with light position near 104000, stop loss at 103000.
Set up short positions near 106800, stop loss at 107500.
The weekly MACD death cross confirms the trend of a major cycle pullback; medium to long-term players are advised to focus on high shorts during rebounds, while spot traders should continue to lie flat and watch.
In a fluctuating market, both long and short positions can suffer losses; control your hands to survive until the end! Sudden market changes can happen at any time, so set your stop losses and don't get too emotional! By not making a move, you’ve already beaten 80% of the people!