#BTC : From the candlestick chart, the daily level price was clearly in an upward trend recently, but it has started to correct now. At the 4-hour level, it has been continuously closing with bearish candles, currently in a stage of fluctuating adjustments.
In terms of technical indicators, the daily DIF and DEA are still above the zero line, indicating that the strength of the upward movement has only weakened, not completely disappeared; the 4-hour DIF has crossed below the DEA, and the histogram has turned green, suggesting that short-term downward momentum is dominant.
In terms of operations, after the short-term price breaks below the moving average, we can consider going short when it rises to the moving average or near a resistance level. The market is currently volatile, so it is important to manage the trend in stages, taking it step by step.
You can enter short positions near the 1180 - 1185 range, with the first targets looking at 1165 and 1150.