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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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Today's chart analysis:
Bitcoin has now failed for the third time to break through the resistance area and has fallen back below 106,500. Moreover, the strength of these three upward attempts has clearly weakened, indicating that the bulls are losing momentum.
The appearance of such pressure at a strong resistance level indicates that a major direction is about to emerge, so everyone should be prepared. Once a short opportunity arises, it will be a chance not to be missed!
❤️Trading plan:
Short position entered after a drop of 105,000 under pressure.
Short selling after a drop from 106,300 pressure points.