BTC is now hovering around 95000, yesterday morning's fall directly broke the previous low, fortunately, it rebounded a bit in the evening.
The four-hour chart still shows a bearish channel, with the three Bollinger lines tightly packed. Although the red bars of the MACD are tightening and the indicator seems to want to straighten out a bit, I think the main trend remains to bet on a fall after a rebound, which is safer. Stay alert to the resistance zone between EMA7 and EMA10, and you might consider reinforcing your position near the midline. The opening position for a sale will depend on the overbought state on the one-hour chart and the strength of the compression on the four-hour chart. My plan is to position short sales near 97500, if it goes above 100000, I will increase my position, the goal is to aim first for the range 96400-95300, and if it really falls below 95000, it should be kept without moving. $BTC #LaunchTokensOnSquareToGrab$1,000 #ShowMyAlphaPoints
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BTC is now hovering around 95000, yesterday morning's fall directly broke the previous low, fortunately, it rebounded a bit in the evening.
The four-hour chart still shows a bearish channel, with the three Bollinger lines tightly packed. Although the red bars of the MACD are tightening and the indicator seems to want to straighten out a bit, I think the main trend remains to bet on a fall after a rebound, which is safer. Stay alert to the resistance zone between EMA7 and EMA10, and you might consider reinforcing your position near the midline. The opening position for a sale will depend on the overbought state on the one-hour chart and the strength of the compression on the four-hour chart.
My plan is to position short sales near 97500, if it goes above 100000, I will increase my position, the goal is to aim first for the range 96400-95300, and if it really falls below 95000, it should be kept without moving. $BTC
#LaunchTokensOnSquareToGrab$1,000
#ShowMyAlphaPoints