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BTC will continue to fall, and it is very dangerous to hold long orders now
BTC market: bearish
Let’s look at the 15-minute chart first. There is nothing much to say. It is a standard short position arrangement of moving averages.
Looking at the BTC 1-hour chart and the moving average, it is a non-standard or upcoming short arrangement, which means there is room for discussion. The left box represents the range of change of the 60-day moving average discount price. If we move the box to the right, if the current price is greater than the current discount price, then the red 60-day moving average will turn upward and completely destroy this short arrangement. In other words, if the price breaks through the highest price of 62774 in the right box in the next 24 hours, then this short arrangement will not be formed. The price of BTC will stop falling and then fluctuate or rise.
Let’s look at the 15-minute chart first. There is nothing much to say. It is a standard short position arrangement of moving averages.
Looking at the BTC 1-hour chart and the moving average, it is a non-standard or upcoming short arrangement, which means there is room for discussion. The left box represents the range of change of the 60-day moving average discount price. If we move the box to the right, if the current price is greater than the current discount price, then the red 60-day moving average will turn upward and completely destroy this short arrangement. In other words, if the price breaks through the highest price of 62774 in the right box in the next 24 hours, then this short arrangement will not be formed. The price of BTC will stop falling and then fluctuate or rise.
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