With ups and downs, 40,000U has become an essential point. The trend is gradually narrowing. There is a high possibility of trend changing. The BTC contract long/short ratio is 0.96. Bearish mood dominates the market at the moment. Technically speaking, the 4-hour line and the Bollinger Band are widening. KDJ is in a downward trend; RSI is running smoothly; MACD is temporarily moving below the zero axis. There might be a callback in the short term, ranging from 300-700U. As for the 1-hour line, the shorts continue to increase in volume.
The price was dropping fast as it climbed in the past few days, almost at midnight (UTC +8). Trade steadily, buy long with small volume. The resistance is 41,200U and the stop loss at 38,900U. Bold suggestion would be short around 41,500U.
The price was dropping fast as it climbed in the past few days, almost at midnight (UTC +8). Trade steadily, buy long with small volume. The resistance is 41,200U and the stop loss at 38,900U. Bold suggestion would be short around 41,500U.