Bitcoin View: Reference 2H

Review: After multiple divergences in the last hour, I shorted Bitcoin at 938 yesterday, but it did not drop for a while. After a sudden drop at 10 PM, it was quickly pulled back, indicating that someone was supporting the price.

Looking at today, a double top + divergence has formed in 2H, but the price hasn't shown weakness. Given the current price, I won't short for now and will observe the subsequent trends.

Also, Bitcoin is stabilizing above the previous high of 930, so it's just moving sideways for now. I will hold off for further upward moves, and if there is a surge, then I will consider shorting around 975 near $BTC

BTCUSDT

Perp

90,202.3

-2.66%