On the morning of October 26, BTC
Recently, the market saw a brief increase due to data, but it quickly dropped again. The current price is fluctuating around the middle position, and the market is slowly adjusting. Although the bulls wanted to push higher on Saturday, the pressure above was too great, and it fell again before surpassing the previous high point, indicating that this upward momentum is insufficient and is merely a weak rebound.
The 4-hour level does not prove much either. The middle track of the Bollinger Bands is flat, indicating a balance between bulls and bears, with no clear direction; MACD bullish volume is shrinking, and KDJ golden cross has become dull, currently showing a false golden cross and signs of turning downwards.
The short-term upward space is limited, and it is suggested to short at highs.
Short around the position of 112000, targeting the range of 109000 to 108000.
