Brent crude touched $110, and attacks on oil tankers heightened supply concerns, putting risk assets under short-term pressure. BTC, however, edged up just 0.1%, showing resilience. I view this as a technical pullback rather than a trend reversal. Both the four-hour and one-hour charts remain in a downtrend. The price has fallen 5.91% from the four-hour high but is only 0.60% above the low, indicating clear support below. The top 10 buy orders total 1,663 versus 689 for sell orders, a buy/sell ratio of 2.42, with buyers in control. The funding rate of 0.0094% is relatively neutral, and open interest at 31,000 shows no signs of panic-driven position reductions. Price and volume together suggest the decline is losing momentum. Strategy: consider a small long position on a pullback near 80,770, with a stop below 79,865 and an initial target of 81,930. If the price rallies to that level and meets resistance, consider reversing into a short, with a stop at 82,560. Keep the position size below 10% and strictly limit risk on each trade.
——Just my personal opinion; this is not investment advice. Wishing you successful trading.——
$BTC#Brent hits $110 as tanker attack deepens supply concerns