Based on the comprehensive technical analysis and capital flow, the short-term bearish trend for Bitcoin is clear. It is recommended to focus on shorting on rallies and to implement strict risk control. Pay close attention to the strength of the lower support and the impact of changes in global macro sentiment on the cryptocurrency market. The price has fallen below the middle band and is approaching the lower band, with the Bollinger Bands opening downwards, indicating the continuation of the downtrend. Key support: the lower track at 84,325, if broken, may open up deeper decline space. Suggestion: Short in the 87000-87400 range, Target: 85500
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Morning Jin Chuan BTC strategy
Based on the comprehensive technical analysis and capital flow, the short-term bearish trend for Bitcoin is clear. It is recommended to focus on shorting on rallies and to implement strict risk control. Pay close attention to the strength of the lower support and the impact of changes in global macro sentiment on the cryptocurrency market.
The price has fallen below the middle band and is approaching the lower band, with the Bollinger Bands opening downwards, indicating the continuation of the downtrend.
Key support: the lower track at 84,325, if broken, may open up deeper decline space.
Suggestion: Short in the 87000-87400 range, Target: 85500