Bitcoin consolidating at high levels, how should we choose the direction?
The current market is in a high-level consolidation phase, with heavy resistance at the 70,000 level. The 4-hour technical chart shows bearish signals. Although the price is oscillating upward, the dark cloud cover pattern suggests a potential short-term reversal. Meanwhile, the significantly shrinking trading volume further increases the risk of a pullback. Short-term trading should focus on shorting the rebound.
Trading suggestion: Short around 70,000, target 67,000-65,000#美伊局势影响
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JamesL0111
· 2h ago
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Bitcoin consolidating at high levels, how should we choose the direction?
The current market is in a high-level consolidation phase, with heavy resistance at the 70,000 level. The 4-hour technical chart shows bearish signals. Although the price is oscillating upward, the dark cloud cover pattern suggests a potential short-term reversal. Meanwhile, the significantly shrinking trading volume further increases the risk of a pullback. Short-term trading should focus on shorting the rebound.
Trading suggestion: Short around 70,000, target 67,000-65,000#美伊局势影响