Btc Morning Observation
After the short-term moving average and mid-term moving average closely adhere to each other, a death cross forms. The current price is running below both, indicating the initial stage of a bearish arrangement, but the slope of the moving averages is not steep, suggesting that there is short-term adjustment pressure while the mid-term trend has not completely weakened. The MACD indicator hovers near the zero axis, with the fast and slow lines tending to adhere to each other forming a death cross. The green bars continue to expand, showing that bearish momentum is accumulating but has not yet entered an acceleration phase. The RSI indicator's short-term line has plunged into the weak zone, market sentiment is cautious, but the mid-term line remains in a neutral range, with clear market divergence.
Operational Viewpoint: Look for opportunities to short in the range of 92200-92700
Targets first look around 91300, further look around 90800.
Please note that the above strategy needs to be adjusted according to actual market changes, and it is also recommended to set reasonable stop-loss levels to control risks. $BTC
