BTC Short-Term Alert! Be Cautious of This Pattern Indicating a Pullback!
Attention everyone! The latest 2-hour candlestick chart shows that although Bitcoin is surging upward while riding on two key moving averages (EMA24 and EMA52), the technical indicators have already turned yellow - the latest two candlesticks have almost the same height, forming a flat top.
Coupled with the KDJ indicator showing a death cross signal, this indicates that the momentum for a short-term upward push is clearly lacking. It's crucial to pay close attention to the 109507 position, as data shows a large number of trapped positions here, acting like a wall in front.
Recently, trading volume has suddenly increased, averaging 22% more than the previous ten days, but the price just can't break through the key resistance level. Additionally, the RSI indicator has been hovering in the overbought zone for several days now. All these signals combined suggest that the probability of a short-term pullback is skyrocketing.
My personal suggestion is that those who have positions should not hold on stubbornly, and those who haven't entered should definitely not chase the highs. Let's first see if 109507 can truly break through; after all, the technical indicators have already issued a risk warning. It's better to earn less than to get trapped at the peak!
In our circle, we are already monitoring the key support levels behind. Interested brothers can join; the market is not just for watching the excitement, but for laying in ambush in advance to truly reap the rewards.
