In the current Crypto Assets market, the price movement of Bitcoin shows a significant downward trend. From a medium-term perspective, the price is closely aligned with the lower band of the Bollinger Bands, which often indicates the continuation of a bearish trend. On the technical side, the breakthrough of key support levels and the long bearish line entity further confirm the market's bearish sentiment.



In the short term, although there are weak signs of a rebound, the appearance of long upper shadows indicates that selling pressure still exists. The momentum indicator MACD, after a brief rise, has once again turned downward, reinforcing the market pattern dominated by bears in conjunction with an increase in trading volume.

Based on the current market conditions, investors can closely monitor the rebound opportunities in the range of 111000 to 110500 dollars, considering placing short positions in that price range. If the bearish forces continue to dominate, the price may further drop to around 108300 dollars.

However, investors should keep in mind that the Crypto Assets market is highly volatile and carries significant risks. Before making any investment decisions, it is essential to conduct a thorough risk assessment and develop an appropriate trading strategy based on individual risk tolerance. At the same time, continuously monitor market dynamics and various influencing factors to adjust investment strategies in a timely manner.
BTC-1.42%
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GateUser-0717ab66vip
· 15h ago
play people for suckers就完事了
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PumpAnalystvip
· 15h ago
Just buy the dip and that's it, anyway, the money lost is all from the suckers.
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pvt_key_collectorvip
· 15h ago
Don't panic, suckers.
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SmartMoneyWalletvip
· 16h ago
Stop pretending, the Whale funds have already started selling out.
View OriginalReply0
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