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🗣️ As of now, Bitcoin has been fluctuating at a high level around $119077, with a intraday high of only $119149, indicating a significant weakening of bullish momentum!
📉 The three major bearish signals on the technical side are synchronously lit up:
RSI shows a 'bear divergence', with no significant increase and weakened buying momentum;
Stochastic RSI dead cross, short-term buying power is basically exhausted;
The price has repeatedly hit the $119000- $120000 range without success, and is highly likely to enter a correction cycle!
⚠️ Operation suggestion:
✅ The current resistance is strong at $119000- $120000. Short term positions can be light and tested short, with stop loss set above $120200;
✅ If it breaks below $117000, it will confirm entering a bearish rhythm, with the target level looking towards the $112000-110000 range;
❗ If you still maintain a high level of volatility but fail to effectively increase your trading volume and break through, be careful not to lure and kill again!
📌 Tonight at 7 o'clock, Tony's live broadcast room conducts in-depth analysis: Is the rebound an illusion or the final peak? How can bears lay out in order to get big profits?
📲 Real time trading strategy+fully disclosed long short divide, keeping up with the pace is the real skill!
🧨 Don't just focus on the "rise", in the current market, knowing how to short is more profitable than doing more!
Operation suggestion: Keep up with real-time orders in the live broadcast room
QQ group number: 810794095
Meeting number: 734-628-1523
Weibo account: Tony's Diary
Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.