Recently, many fans have been asking: Will BTC drop in the short term?
Yang has organized some thoughts and is open to discussing today——
Currently, BTC is fluctuating between 116,000 and 120,000, the Bollinger Bands are narrowing, and the KDJ is stuck around 50, with a temporary balance between bulls and bears, but this equilibrium often hides a "big change," so we need to keep a close watch.
Looking at the technical aspects in more detail: the 4-hour MACD green bars are still extending, and the short-term bears indeed have the upper hand; the daily green bars are shortening, the bulls want to counterattack, but they haven't formed a trend yet.
More critically, the trading volume has dropped significantly, and the market seems to be asleep, with no one daring to take real action, so the rebound naturally lacks strength. Additionally, recently, large whale addresses have seen a net outflow of 240,000 BTC in a week, and old players are slowly selling off, making it difficult to rise.
Therefore, in the short term, we need to focus on the risk of a pullback.
In terms of operation, Yang suggested a direction: consider short positions around 118,600-119,100, with the initial target at 117,400-116,500. But remember, don't rush in; wait for a comfortable moment to take action.
