Bitcoin Evening Dispatch: The Four-Hour Chart Shows Downward Trend, Short Strategy is Timely
Attention all cryptocurrency friends! The latest four-hour chart indicates a clear downward trend for Bitcoin, with significant resistance around 108200. The current price hovers around 107300, making it a good time to set up short positions!
Suggested Action: At the current price of 107300, a small short position can be initiated. If the market rebounds to 107800, additional positions can be added, with a stop-loss set at 108500. The short-term target is around 105800; if it successfully breaks below, there may be further downward space.
Current market sentiment is bearish, but caution is needed for potential technical rebounds. Be sure to control your positions when trading, and avoid blindly chasing highs and cutting losses.
