#BTC资金流动性 The market data observation shows that trading enthusiasm has clearly declined, but the momentum on the short positions side is becoming increasingly clear. Looking at the hourly chart, the price has been firmly suppressed by the middle band of the Bollinger Bands, and there has been no thought of breaking upward. Each rebound is weak and lacks strength, failing to form any decent rise. To put it bluntly, the long positions are already exhausted, and continuing this range-bound situation will incur too much loss.

The recent trend is becoming increasingly bearish, and the downward structure is becoming more established. Short positions have completed their buildup, and the market direction is starting to surface. From a trading perspective, it might be wise to follow this rhythm. One can set up short positions at key resistance levels, waiting for opportunities for the trend to move downward. $BTC In the short term, we still need to be cautious of this direction.