The large pancake has been gradually weakening since early morning. The current price is fluctuating around 105200, with resistance at 106000 being tested. In the short term, it continues to maintain a bearish fluctuation.
The K-line pattern shows a top divergence and a bearish engulfing, providing clear downward signals, while indicators such as KDJ and MACD indicate that the market is in a weak fluctuation environment, with bullish strength not yet showing obvious advantages.
Moreover, the MACD death cross and increased trading volume indicate that bearish sentiment is still dominant, potentially returning to the 104200 support level again!
Therefore, during the evening session, a rebound at 106000 and 106500 should continue to be arranged, while the downward levels to watch are 104800, 104200, and 102600!
The K-line pattern shows a top divergence and a bearish engulfing, providing clear downward signals, while indicators such as KDJ and MACD indicate that the market is in a weak fluctuation environment, with bullish strength not yet showing obvious advantages.
Moreover, the MACD death cross and increased trading volume indicate that bearish sentiment is still dominant, potentially returning to the 104200 support level again!
Therefore, during the evening session, a rebound at 106000 and 106500 should continue to be arranged, while the downward levels to watch are 104800, 104200, and 102600!
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BTC
105,441.29
-1.49%