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The support at 96 below btc has already fallen, is the market about to change in trend?
Last night, everyone saw that the US stock market opened low and fell by 2 points. BTC closely followed, reaching a low of 858. Before the broadcast ended, the 86-863 range was also connected. After the US stock market closed, BTC began a polarized reversal.
There is also more than a thousand points of space from 858 to 875. Did everyone operate on the reduction in positions suggested in the early morning? At least reduce positions by 70%, and the rest can continue to watch the 88 position.
Since BTC came to the price of 88, the back of the upward trend is very weak, the follow-up operation I will be biased towards the bears, originally planned to 896 to cut south, now plan to 88888 to cut into, the price during the day is probably the first to go back to a wave, 86 near the position can continue to trial and error north
Currently, the resistance level of the descending trend line on the four-hour cycle is around 892. The longer it consolidates, the stronger the resistance above. As long as market sentiment is brewing, whether it’s 91 or 93, the chances are almost negligible. If tonight it can reach 85-95, I will consider going short without hesitation! #BTC#