【$BTCUSDT】This data wave is suspicious, in-depth analysis
$BTC has broken through, don't hold illusions. During regular intraday fluctuation periods, the price has fallen below the dual moving average support of EMA20 and EMA50, with the Bollinger Band lower rail at 68744 being pierced. The 4-hour MACD top divergence is confirmed, upward momentum is exhausted, and the histogram continues to expand. Buy-side depth is severely imbalanced, with sell orders on the book 3 times or more than buy orders, and capital support willingness is weak. RSI has dropped to 34, with bears dominating the short-term pace.
Direction: Short Entry/Pending Order: Short directly around current price 68760, or add positions at 69000-69200 resistance zone upon rebound Stop Loss: Above 69550 Target 1: 67800 Target 2: 67000 Trade Management: Upon reaching the first target, move to breakeven, use remaining positions to pursue deeper pullback. Under this structure, the risk-reward ratio exceeds 3:1, worth using smaller risk to capitalize on the continuation of the downtrend.
【$BTCUSDT】This data wave is suspicious, in-depth analysis
$BTC has broken through, don't hold illusions. During regular intraday fluctuation periods, the price has fallen below the dual moving average support of EMA20 and EMA50, with the Bollinger Band lower rail at 68744 being pierced. The 4-hour MACD top divergence is confirmed, upward momentum is exhausted, and the histogram continues to expand. Buy-side depth is severely imbalanced, with sell orders on the book 3 times or more than buy orders, and capital support willingness is weak. RSI has dropped to 34, with bears dominating the short-term pace.
Direction: Short
Entry/Pending Order: Short directly around current price 68760, or add positions at 69000-69200 resistance zone upon rebound
Stop Loss: Above 69550
Target 1: 67800
Target 2: 67000
Trade Management: Upon reaching the first target, move to breakeven, use remaining positions to pursue deeper pullback. Under this structure, the risk-reward ratio exceeds 3:1, worth using smaller risk to capitalize on the continuation of the downtrend.
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