BTC surged to a high of 109600 in the morning, then at 109400, a signal was given to enter short positions. After touching the resistance level, it fell to a low of 108600, achieving a 600-point range! A price of 108600 is definitely not our target level. The price is oscillating at a high level, and the upward momentum has weakened. There is space below for short positions to continue to be held! It is recommended to short between 108700-109500, with a target looking at 107000 to break and continue downward!
In the morning, set up short positions near the high of 109500, and in the afternoon, the big pie dropped to 108700, also achieving a space of 600 points!
The hint is that the big pie rose to a high of 109600 in the early morning to short, although it was given in the early morning, there were still partners who followed!
Subsequently, it fell back to around 108600 in the morning, and the short position of the big pie also has a space of a thousand points!
BTC has reached the upper resistance level near 110,000, currently oscillating around 109,700, indicating a weakening of bullish strength!
On the 4-hour chart, technical indicators show a gradual decline in bullish strength, with RSI and KDJ indicating a slowdown in bullish advantage, while MACD shows a death cross signal. The main strategy for intraday operations is to go short!
It is recommended to short around 109,500-110,500, with targets at 108,000 and 106,000!
BTC, from the 4-hour level, the Bitcoin price is fluctuating near the middle track of the Bollinger Bands, and the opening of the Bollinger Bands is gradually narrowing, indicating that the market is about to choose a direction.
The key resistance level above is in the 109500-110000 range, which is not only the previous high point area but also the resistance level of the upper track of the Bollinger Bands; the support level below is in the 106500-107000 range, which is the area of the previous low points and the support level of the lower track of the Bollinger Bands.
Comprehensive technical indicators show that the current market is dominated by bears, the medium-term trend is downward, and although there are signs of weakening downward momentum in the short term, the rebound lacks strength and there is clear resistance above. Short-term operations are recommended to focus on shorting during rebounds.
Short near 109500 for Bitcoin, targeting 1078000. Short near 2580 for Ethereum, targeting below 2480. $BTC
During breakout intervals, pay attention to one-sided moves, maintain good defense and control risks before seeking profits! The trend remains unchanged!
Market fluctuations, the loss is not in ability, but in following the wrong people. I do not pursue exorbitant profits, only stability as the priority.
Daily real-time review with zero mistakes, nowadays the market is not lacking in funds, but in a clear direction.
SOL, the 4-hour KDJ golden cross has just begun to appear, while the daily level is still in a bearish state; the Bollinger Bands are turning downwards, and it has been in a continuous decline!
Recommendation to short at 148-150, with targets at 143 and 140!
The weekend will mainly be characterized by fluctuations, so keep within the range of 108500-107500, making a thousand point back and forth to grasp it. Maintain good defense and control risks, aiming for big profits with small stop losses!
In the evening or on Monday, pay attention to one-sided trends and prevent a waterfall!