Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Friday morning trading ideas: The bulls' momentum is exhausted, and the trend is bearish
Last night, the market once again came out of a round of rapid decline, the market sentiment was obviously unbalanced, and the bears occupied the absolute initiative. After the BTC fell all the way to the 83300 line, the rebound was extremely limited, indicating that the decline is not an emotional catharsis, but a trend push, and the bearish force is still being released. The intraday strategy is still mainly based on rebound shorting.
From a structural point of view, the bearish pattern is very clear. The daily level of the large negative line is in large volume, the price directly breaks through the lower track, and the technical indicators diverge downward synchronously, and the trend downward characteristics are obvious. The four-hour cycle shows a cliff-like fallback, and the space below is further opened, whether it is a trend, pattern or market background, it is dominated by bears, and the operation can follow the trend.
In the morning, BTC paid attention to the 84800–85300 area, and continued to lay out short orders after the rebound was under pressure, and the target below looked at the 83000-82000 range.
$BTC #加密市场观察