From the 4-hour candlestick chart, the price has effectively broken below the short-term uptrend line, and the previous large bearish candle with increased volume further confirms a clear bearish signal. The subsequent trend will likely continue downward.
Trading suggestion: Go short around 93000-93600, with a target of 92000-91000. If it breaks through, continue to look lower.
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YaoQianshuA
· 12-05 05:07
Quite a strong trend outlook. As expected, it dropped to a very low level around 1 o'clock today. I guess we should be looking towards the 89,000 direction.
12.5 Friday Morning BTC Analysis:
From the 4-hour candlestick chart, the price has effectively broken below the short-term uptrend line, and the previous large bearish candle with increased volume further confirms a clear bearish signal. The subsequent trend will likely continue downward.
Trading suggestion: Go short around 93000-93600, with a target of 92000-91000. If it breaks through, continue to look lower.