BTC formed a small bullish candle with a long lower shadow this morning, consolidating during the Asian session and rising during the European and American sessions, increasing the trading volume and liquidity as both sides compete.

BTC bottomed at 8.93 forming a W pattern for a rebound, then retreated after hitting 9.35; currently, the market is under pressure from a descending trend line, breaking below the effective support at 9.2 to short. This is the second time entering a right-side short after breaking support yesterday morning. The stop is set at the previous high of 9.35, with targets at 9.05 and 8.98; a low buy is set at 8.93 with a stop at 8.81 and targets around 9.05 and 9.2.

BTCUSDT

Perp

90,290

-2.06%