Evening Bitcoin
The 4-hour chart has broken the support of the middle Bollinger band, and the upper band is showing a turning trend. This wave of market sentiment is aggressive, and there are many positions trapped above. Unless there are significant news developments tonight, a V-shaped reversal will be quite challenging.
Today's Bitcoin continues its downward trend, with all larger timeframes starting to weaken. At the same time, the main players have also signaled to short, so a rebound tonight can be used to short.
Trading Suggestion:
Short Bitcoin around 111700-112000 on the rebound, targeting 110000-108000.
Short Ethereum around 4640-4670 on the rebound, targeting 4550-4450.
The 4-hour chart has broken the support of the middle Bollinger band, and the upper band is showing a turning trend. This wave of market sentiment is aggressive, and there are many positions trapped above. Unless there are significant news developments tonight, a V-shaped reversal will be quite challenging.
Today's Bitcoin continues its downward trend, with all larger timeframes starting to weaken. At the same time, the main players have also signaled to short, so a rebound tonight can be used to short.
Trading Suggestion:
Short Bitcoin around 111700-112000 on the rebound, targeting 110000-108000.
Short Ethereum around 4640-4670 on the rebound, targeting 4550-4450.
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BTC
112,555.56
+0.66%
