At dawn, it surged to 80,924 in that move—someone chased the long.
Now it’s 79,061, and I’m down 1,800.
With such low volume, even cutting positions can’t get a decent price.
There aren’t many bullish signals.
MA20 is at 79,009, and the current price at 79,061 is barely holding above it.
RSI is 55.2, not weak.
There are more bearish signals.
MACD is bearish.
The Bollinger Band width is compressed to 2.9%, and price is stuck in the upper half of the range.
The 1-hour volume is only 0.4.
The 15-minute RSI has surged to 65.7, but volume has almost dropped to zero.
An up move on no volume—more like a bull trap. Even if it rises, it can’t hold.
Conclusion: slightly bearish.
But honestly, I can’t see this level clearly.
I’m not chasing shorts.
If we’re going to go short, wait for a rebound up to 80,956.
80,956 is the recent level where the 1-hour chart repeatedly poked through with wicks.
Set the stop loss above 81,273—about a bit over 300.
First target: 78,000. Cut half first.
If it breaks, then look at 76,700, and exit the rest.
76,700 is the earlier dense zone, where capital is waiting.
In this stretch, the risk-reward ratio is about 9 to 1.
Position size matters more than direction.
Before 2:00 PM, I won’t move.
#BTC #ETH #比特币 #币圈 #market analysis
Now it’s 79,061, and I’m down 1,800.
With such low volume, even cutting positions can’t get a decent price.
There aren’t many bullish signals.
MA20 is at 79,009, and the current price at 79,061 is barely holding above it.
RSI is 55.2, not weak.
There are more bearish signals.
MACD is bearish.
The Bollinger Band width is compressed to 2.9%, and price is stuck in the upper half of the range.
The 1-hour volume is only 0.4.
The 15-minute RSI has surged to 65.7, but volume has almost dropped to zero.
An up move on no volume—more like a bull trap. Even if it rises, it can’t hold.
Conclusion: slightly bearish.
But honestly, I can’t see this level clearly.
I’m not chasing shorts.
If we’re going to go short, wait for a rebound up to 80,956.
80,956 is the recent level where the 1-hour chart repeatedly poked through with wicks.
Set the stop loss above 81,273—about a bit over 300.
First target: 78,000. Cut half first.
If it breaks, then look at 76,700, and exit the rest.
76,700 is the earlier dense zone, where capital is waiting.
In this stretch, the risk-reward ratio is about 9 to 1.
Position size matters more than direction.
Before 2:00 PM, I won’t move.
#BTC #ETH #比特币 #币圈 #market analysis