There is a trend of bottoming. It's basically consistent with our analysis yesterday. The battle of long and short is still fierce. The fluctuation range is shrinking. There will be changes in the market no later than tomorrow. BTC contract long/short ratio is 1.22. In the short term, the bulls are confident. Looking at the 4-hour line, the Bollinger band is moving up; the MA5 and MA10 are winding with a small golden cross. RSI and KDJ are trending smoothly. Looking at the 1-hour line, 35,500U will be an essential resistance.
At the moment, we can do long with light volume between 33,500U to 34,000U, and there will be a second callback in the evening. Then we can short at a high point. If the price falls below 33,900U again, it means an undoubtedly bear.
At the moment, we can do long with light volume between 33,500U to 34,000U, and there will be a second callback in the evening. Then we can short at a high point. If the price falls below 33,900U again, it means an undoubtedly bear.