BTC market analysis, it's difficult to effectively break through in the short term, so it's recommended to maintain a bearish outlook on rallies.
Many old friends know that I started to firmly take a bearish stance near the 109,000 mark. Last night, there was a rapid slow decline, capturing a space of 6,000 points. Let's take a look at today's market.
1: Currently, the Asian market is bottom-fishing, be cautious of a sell-off in the European and American evening sessions.
2: We are still in a consolidation range, with the bottom of the 4-hour box at 103,300 and the top at 109,000, which is the daily box bottom. Near the bottom, a short-term long position can be taken, and there has been no breakout yet.
3: In the short term, there is a resistance at 106,100 where a short position can be taken. Pay attention to whether 106,100 can be effectively broken; the downward trend has not changed, and the highs are continuously declining.
Show original
30
38.14K
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.