Daily Level: Price has arrived at the confluence of SMA20/50, which is also near the midline of last week's high-low points and the midline of last month's high-low points, providing some support 4H Level: EMA20/50 has not yet bearish cross, but K-line is already running below EMA200, undoubtedly a bearish trend Summary: Although there is a reversal signal 9, according to my previous trading habits, I would definitely have opened long positions, but this time let's skip it, looking for opportunities to sell short with the trend, won't chase this rebound as the risk is too high😂
BTC Market Analysis: Major Direction Bearish #BTC
Daily Level: Price has arrived at the confluence of SMA20/50, which is also near the midline of last week's high-low points and the midline of last month's high-low points, providing some support
4H Level: EMA20/50 has not yet bearish cross, but K-line is already running below EMA200, undoubtedly a bearish trend
Summary: Although there is a reversal signal 9, according to my previous trading habits, I would definitely have opened long positions, but this time let's skip it, looking for opportunities to sell short with the trend, won't chase this rebound as the risk is too high😂