1.8 Evening | Bulls are losing strength, the decline is not over yet, continue to be bearish



Unknowingly, it’s already evening.
After a round of decline, Bitcoin is generally consolidating at a low level with slight fluctuations, the market is dragging its pace,
Greedy traders will only be consumed by time, while rational traders have already taken profits in batches and exited safely.

In the afternoon, the market suddenly broke below the 90,000 level, with a low of around 89,600,
then rebounded to around 90,700.
Although the decline has not entered a continuous acceleration, the rebound also lacks strength and continuity,
This structure of “room to fall, no momentum to rise” indicates that the downward pace has not yet ended.

Based on the overall market analysis, the evening strategy continues to focus on shorting during rebounds.

Operation reference:
Place multiple short orders around 90,500 / 91,000
Target focus on the 88,000 – 87,000 range

Follow the trend, don’t fight the market, patiently wait for the market to complete its structure. #美司法部抛售比特币 $BTC
BTC0,25%
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
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 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)