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The Bitcoin long-term daily chart candlestick pattern is in continuous decline, with the price below the moving average. The indicators in the sub-chart are operating in a death cross, and the downtrend is very obvious. Trading should maintain short-term high-altitude operations!
The short-term hourly chart experienced fluctuations and a decline yesterday. After breaking below the previous day's low in the early morning, there was a rebound and correction during the morning and throughout the day. Currently, there are signals of secondary resistance, with the candlestick pattern showing consecutive declines and the auxiliary indicator showing a golden cross with decreasing volume. Therefore, we should watch for a continuation of the downward trend to break the low in the European session!
Therefore, today's BTC short-term contract trading strategy: short at the current price around 92550, stop loss at the 93050 area, and target at the 90500 area! $BTC $GT $ETH