BTC Market Analysis, difficult to break through effectively in the short term, it is recommended to maintain a bearish view on rallies.
Many old friends know that I started firmly bearish near the 109,000 mark. Last night, there was a rapid decline, capturing a space of 6,000 points. Let's take a look at today's market.
1: Currently, the Asian market is bottom-fishing, beware of a sell-off in the European and American evening.
2: Currently still in a consolidation range, the bottom of the 4-hour box is 103,300, the top of the box is 109,000, which is the daily box bottom. Near the bottom, a short buy can be made; currently, there has been no breakout.
3: There is a short-term resistance at 106,100 where a short can be placed. Pay attention to whether 106,100 can be effectively broken. The downward trend has not changed, and the highs continue to decline.
