Pullback to go long. Good morning brothers, yesterday Bitcoin's Auntie Tai once again closed higher, but the shortcoming is that the height achieved is getting smaller, and there is some top divergence on the daily chart. This is a sign of bullish weakness. The four-hour divergence is not very obvious, but the hourly divergence is more apparent, with a small double top formed in the morning, which is digesting the divergence.
Currently, the highest is around 98,000, with strong resistance at 99,000, 3,400, and 3,450, all very close. The strong resistance here is a difficult barrier to cross; it’s challenging to break through in one go, and even if it breaks, a retest is likely. Therefore, short-term shorts can be considered nearby.
For intraday trading, aggressive brothers can short to 94,500-95,000 / 3,280-3,250 area for a short-term long position, Long around 95,000, add on dips around 94,000, watch for 98,500-99,500, with a stop below 93,000. Around 3,280 for dips, around 3,230 for adding dips, watch for 3,450, with a stop below 3,200.
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Pullback to go long. Good morning brothers, yesterday Bitcoin's Auntie Tai once again closed higher, but the shortcoming is that the height achieved is getting smaller, and there is some top divergence on the daily chart. This is a sign of bullish weakness. The four-hour divergence is not very obvious, but the hourly divergence is more apparent, with a small double top formed in the morning, which is digesting the divergence.
Currently, the highest is around 98,000, with strong resistance at 99,000, 3,400, and 3,450, all very close. The strong resistance here is a difficult barrier to cross; it’s challenging to break through in one go, and even if it breaks, a retest is likely. Therefore, short-term shorts can be considered nearby.
For intraday trading, aggressive brothers can short to 94,500-95,000 / 3,280-3,250 area for a short-term long position,
Long around 95,000, add on dips around 94,000, watch for 98,500-99,500, with a stop below 93,000.
Around 3,280 for dips, around 3,230 for adding dips, watch for 3,450, with a stop below 3,200.