BTC price has fallen, and there is a high probability that it will maintain a congestion trend. The congestion area is 37,000U-38,900U. The BTC contract long/short ratio is 0.92, and short positions are dominant. Looking at the 4-hour line, there is an obvious sideways trend; Bollinger bands are narrowing; KDJ and RSI turning down; MACD running above the zero axis; MA5 and MA10 are winding. As for the 1-hour line, the MA5 line turned down; a small dead fork appeared, and the bear volume continued to increase.
As the weekend is approaching, if there is a short-term rise in the market, do not follow up. On the contrary, short at a high price. 39,500U is the resistance and 37,200U is the support.
As the weekend is approaching, if there is a short-term rise in the market, do not follow up. On the contrary, short at a high price. 39,500U is the resistance and 37,200U is the support.