Don't be fooled by the high-level fluctuations. The continuous daily chart gains of BTC are accompanied by a prolonged upper wick, indicating a decrease in the strength of long positions.



The four-hour chart has attempted to break through high levels multiple times without success, instead forming a double top pattern. The KDJ has crossed down, and there are clear signs of capital outflow. A trend reversal signal is emerging, making it the right time to position short positions.

Operation suggestion: Short in the range of 118300-118900, looking down at 116000-114000- continue to move south towards the 11w level.
#币圈 # #BTC#
HBAR-5.86%
USD10.03%
GT-2.27%
BTC-0.55%
ETH-2.16%
View Original
post-image
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.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)