The current market momentum for Bitcoin has slowed down, and the overall trend is in a consolidation phase with a noticeable correction pattern. From the daily chart perspective, it is currently operating near the lower band of the Bollinger Bands, with the channel gradually widening, and the lower band continuing to extend downward. Signs of intra-day resistance have increased, and the market bearish forces are gradually accumulating.
It is recommended to short around 88200 and 88700, with the initial target at 85000, and if the support breaks, then look at 80000. $BTC $ETH #BTC
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The current market momentum for Bitcoin has slowed down, and the overall trend is in a consolidation phase with a noticeable correction pattern. From the daily chart perspective, it is currently operating near the lower band of the Bollinger Bands, with the channel gradually widening, and the lower band continuing to extend downward. Signs of intra-day resistance have increased, and the market bearish forces are gradually accumulating.
It is recommended to short around 88200 and 88700, with the initial target at 85000, and if the support breaks, then look at 80000.
$BTC $ETH #BTC