2025-09-03 01:42:29

The price of BTC, after rising to 111742, began to show a rollback in upward momentum and then exhibited a downward trend. Through the MACD indicator, although it had formed a golden cross pattern, the increase in red bars is weak and there are signs of gradual deflation, indicating that long positions may be on the verge of weakening.

Moreover, the current price is approaching the previous resistance level, and if it cannot effectively break through this level, it is likely to rollback due to its resistance. If the support level at 110000 is broken, it may open up space for further decline.

It is recommended to open short positions on BTC near 111500 and 112000, with a temporary target at 111000 and 109800..

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