The current price is hovering around 111100. On the surface, it seems to be in a high-level oscillation, but in reality, the short selling force is more dominant. There are mainly two supporting logics:
1.Weak upward momentum, with obvious pressure: From the recent trend, the price has repeatedly attempted to break above 112000 but failed to hold, and the range of 111500 - 112000 has a large amount of selling pressure, like "running into the ceiling". Moreover, although there was institutional capital inflow to push up the price before, it has now lost momentum and cannot rise further, indicating that buying power is weakening, and a correction is likely to occur.
2.The overall trend is weak: Both the daily chart and the four-hour chart show that although the price has rebounded, the strength is getting weaker, and the upward pressure is constantly being compressed. It is difficult for there to be a large upward space in the short term, and the possibility of a decline is greater.
Today's Bitcoin Trading Strategy
BTC @sell111500-112000
tp:109500-108500
sl:113500
1.Weak upward momentum, with obvious pressure: From the recent trend, the price has repeatedly attempted to break above 112000 but failed to hold, and the range of 111500 - 112000 has a large amount of selling pressure, like "running into the ceiling". Moreover, although there was institutional capital inflow to push up the price before, it has now lost momentum and cannot rise further, indicating that buying power is weakening, and a correction is likely to occur.
2.The overall trend is weak: Both the daily chart and the four-hour chart show that although the price has rebounded, the strength is getting weaker, and the upward pressure is constantly being compressed. It is difficult for there to be a large upward space in the short term, and the possibility of a decline is greater.
Today's Bitcoin Trading Strategy
BTC @sell111500-112000
tp:109500-108500
sl:113500
💎 Free Trading Signals: t.me/+e1D3W7yOpLMzNTYx
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💎 Free Trading Signals: t.me/+e1D3W7yOpLMzNTYx
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.