The afternoon Bitcoin trend remains dominated by bears
The US military bombing of Iran's nuclear facilities has triggered market risk aversion, causing the ETH/BTC exchange rate to plummet by 6%, with Bitcoin also under pressure.
The Iranian exchange Nobitex was attacked by hackers, intensifying concerns about centralized platforms, which may lead to funds flowing into stablecoins.
A clear downward channel, with the Bollinger Bands diverging downwards, and MACD showing a bearish arrangement, the rebound momentum is insufficient, in line with the 'three methods of decline' pattern, indicating a bearish short-term trend.
Afternoon Bitcoin strategy
Short around 102900-103300. Look lower towards 102000-101600.
If the direction is wrong, don’t panic. You can high sell and low buy along the way, keeping to the rhythm, with a solid plan, and following the pace forward.
