There hasn't been a particularly good position throughout the day, only reaching above 5000 in the evening. Those who have seen my recent posts know that I have been somewhat bearish lately. Even if I am bullish, it's just for a short position. Now that the position has been given, just enter a position without overthinking it. The direction remains unchanged, continuing to go down.
From a technical structure perspective, it was previously mentioned that the current top-bottom replacement around 5000 is already a resistance level. However, every time there is a breakout and a trend develops, there will be a period of adjustment. We just need to hold patiently. Currently, at the four-hour level, it is also at a resistance level. Although the MACD is still increasing, there is already a noticeable weakening.
Pancake operation suggestion: enter a position at 115200 downwards. Target: 112500#BTC
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There hasn't been a particularly good position throughout the day, only reaching above 5000 in the evening. Those who have seen my recent posts know that I have been somewhat bearish lately. Even if I am bullish, it's just for a short position. Now that the position has been given, just enter a position without overthinking it. The direction remains unchanged, continuing to go down.
From a technical structure perspective, it was previously mentioned that the current top-bottom replacement around 5000 is already a resistance level. However, every time there is a breakout and a trend develops, there will be a period of adjustment. We just need to hold patiently. Currently, at the four-hour level, it is also at a resistance level. Although the MACD is still increasing, there is already a noticeable weakening.
Pancake operation suggestion: enter a position at 115200 downwards.
Target: 112500#BTC