Bitcoin recently surged higher then fluctuated downward, with the price continuously declining within 4 hours and breaking below the middle band of the Bollinger Bands. However, the Bollinger Bands are not trending upward or downward, indicating that the short-term market remains volatile without changing the overall trend.



Considering that the price has already fallen quite a bit, the downward momentum in the market has been largely released. Entering short positions now carries higher risk. It is recommended to wait and observe the rebound: if the price falls and the rebound is weak, unable to regain the middle band, then try small short positions. Be sure to control your position size and set stop-loss orders in advance.
BTC0,96%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin