After BTC surged to around 92,200 intraday, the upward momentum has shown signs of exhaustion. On the hourly chart, the bullish volume is gradually weakening, and the KDJ indicator, after forming a golden cross at a high level, is now turning downward. The 4-hour MACD is also facing the risk of a bearish crossover, highlighting short-term pullback pressure. Short positions can be considered near key resistance levels during rebounds to capture potential profit opportunities from downward movements.
BTC can be shorted in the 92,800-92,500 range, targeting a drop to around 91,000-90,000 and further downside if that level breaks.
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After BTC surged to around 92,200 intraday, the upward momentum has shown signs of exhaustion. On the hourly chart, the bullish volume is gradually weakening, and the KDJ indicator, after forming a golden cross at a high level, is now turning downward. The 4-hour MACD is also facing the risk of a bearish crossover, highlighting short-term pullback pressure. Short positions can be considered near key resistance levels during rebounds to capture potential profit opportunities from downward movements.
BTC can be shorted in the 92,800-92,500 range, targeting a drop to around 91,000-90,000 and further downside if that level breaks.