BTC Alarm Rings: Breaking Support May Lead to Crash!
Recently, the market #BTC has exhibited a pattern of "slight decline after fluctuations". It opened at 118322.53, reached a high of 118364.00, but fell back to 118284.99 under pressure from bears, with a decline of 0.03% and a fluctuation of only 0.27%.
Technical indicators reveal increasing short-term risks:
MACD dead cross persists, indicating weakening momentum;
RSI 47.43-53.44 but close to the oversold zone, KDJ diverging downwards highlights increased selling pressure;
BOLL indicators show price breaking below the middle line of 118567.67, approaching the key support level of the lower track at 117191.41.
Currently, market sentiment has turned bearish, and there may be further short-term adjustments. I believe we should closely monitor the support at the 117191 level and avoid chasing highs recklessly.
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