Tuesday Morning Thoughts $BTC
Looking at the 1-hour chart of Bitcoin, the price rebounded and hit the upper band, resulting in a long upper shadow and a smaller body. This indicates that the bullish momentum is weak, and the trading volume during the rebound is also decreasing, showing insufficient buying power. The middle band of the Bollinger Bands is pressing down from above, and if the price cannot break through the upper band and stabilize, it may drop back to the lower band area, or even to the support zone of the previous low. In the short term, bears may dominate. Remember to set a stop loss.
Trading suggestions:
1. Short Bitcoin around 116700, with a target price of about 113500.
2. Short Ethereum around 4380, with a target price of about 4150. #Strategy增持比特币 #ETH质押退出动态观察 #中国加密新规
