Looking at the 4-hour chart of Bitcoin, the price has been repeatedly grinding within the range during the day, and there is still quite strong resistance above. The overall rhythm still reflects a bearish atmosphere, making it difficult to see any signs of a breakthrough in the short term.
My thinking is quite straightforward - shorting on rallies is the main rhythm. The range of 89500 to 90000 can be considered for entry, with a target aimed at the lower range of 86000 to 85500. The stop loss should be set flexibly according to each person's position, and should not be static.
$BTC The key to the subsequent trend still depends on whether it can break through the head resistance. If it continues to be under pressure, the bears still have room; if it breaks out with volume, adjustments in thinking must be made promptly. This wave of market movement tests execution and risk awareness.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#大户持仓动态 Quick Summary of Monday Afternoon Market
Looking at the 4-hour chart of Bitcoin, the price has been repeatedly grinding within the range during the day, and there is still quite strong resistance above. The overall rhythm still reflects a bearish atmosphere, making it difficult to see any signs of a breakthrough in the short term.
My thinking is quite straightforward - shorting on rallies is the main rhythm. The range of 89500 to 90000 can be considered for entry, with a target aimed at the lower range of 86000 to 85500. The stop loss should be set flexibly according to each person's position, and should not be static.
$BTC The key to the subsequent trend still depends on whether it can break through the head resistance. If it continues to be under pressure, the bears still have room; if it breaks out with volume, adjustments in thinking must be made promptly. This wave of market movement tests execution and risk awareness.