On the daily chart for $BTC , the major asset shows a four-day downtrend, continuously operating below the midline, highlighting the low bullish sentiment. The market's dominance is gradually shifting to the bears, with expectations of entering a new adjustment cycle. After several days of intense battles between bulls and bears, the market has finally returned to a downward trajectory, and the bearish trend on the daily chart continues to deepen. From the perspective of trading volume, the recent decline has been accompanied by significant volume increase, while rebounds have shown a clear decrease in volume. This divergence in volume and price further confirms the market's lack of enthusiasm. Until a clear signal of a bottom is observed, the bearish outlook remains unchanged.
On Friday, a short position can be considered around 115800-116300 for the major asset, with the initial target at 113000.
For Ethereum, a short position can be considered around 3680-3730, with the initial target at 3500.
On Friday, a short position can be considered around 115800-116300 for the major asset, with the initial target at 113000.
For Ethereum, a short position can be considered around 3680-3730, with the initial target at 3500.
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BTC
113,797.4
-0.75%