#Strategy加仓BTC Crude Oil Market Observation: Risk Aversion Eases, Oil Prices Enter Correction Phase

After the European session opened on Thursday, U.S. crude oil immediately gave back the previous day's gains, with the daily K-line showing two consecutive declines. The price of U.S. oil hovers around $60.10 per barrel. The main logic behind this is simple—geopolitical concerns have cooled down. Market expectations of U.S.-Middle East military actions are less tense, and the safe-haven buying that previously supported oil prices has lost momentum.

Looking back at recent trends, oil prices rebounded from $54.80 and started to fluctuate, with three consecutive bullish days and even breaking through the moving average system, suggesting a potential upward move. However, this momentum did not sustain; prices repeatedly oscillated around the moving averages, lacking clear upward energy. Even when the $60.50 level was briefly broken, the follow-through was absent. The case for medium-term bullishness is not very strong, and instead, the risk of a pullback is increasing.

From a technical perspective—on the daily chart, a consolidation pattern has been established, and the probability of an upward move in the short term is not high; attention should be paid to the downside risk. The 1-hour chart shows a more obvious picture: oil prices are trending downward, with moving averages aligned bearishly. Although the MACD has formed a golden cross below the zero line, this merely indicates weakening downward momentum; the overall bias remains bearish. In early trading, oil prices are slightly oscillating at low levels, and it is likely to test below the $58.00 region.

If you want to short, consider $59.70 as an entry point. Set stop-loss at $60.20. The target is around $58.00.

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