$BTC
Market Update:
Expectations for Fed rate cuts continue to cool, inflation concerns are making a comeback, and demand for crypto assets has been severely dampened. Worse still—leveraged traders have made heavy bets on long-term gains. If prices fail to move upward, deleveraging could trigger a chain reaction of forced selling.
Technical Analysis:
Today’s trading volume is struggling to push forward below the 64,400 resistance zone. Prices are trading below the 30-day moving average, and the sellers are firmly holding the 65,000 level.
Anna’s Trading Suggestions:
Aggressive: Enter a short position directly around the current price near 64,500, and add to the position around 66,600.
Conservative: Wait for the market to consolidate and enter short positions in the vicinity of around 66,600.
(For precise entry points, come to my chat room to get real-time information gaps)#BTC
Market Update:
Expectations for Fed rate cuts continue to cool, inflation concerns are making a comeback, and demand for crypto assets has been severely dampened. Worse still—leveraged traders have made heavy bets on long-term gains. If prices fail to move upward, deleveraging could trigger a chain reaction of forced selling.
Technical Analysis:
Today’s trading volume is struggling to push forward below the 64,400 resistance zone. Prices are trading below the 30-day moving average, and the sellers are firmly holding the 65,000 level.
Anna’s Trading Suggestions:
Aggressive: Enter a short position directly around the current price near 64,500, and add to the position around 66,600.
Conservative: Wait for the market to consolidate and enter short positions in the vicinity of around 66,600.
(For precise entry points, come to my chat room to get real-time information gaps)#BTC