Analysis of Morning Thoughts on 10.4


After rising to around 123900 yesterday, Bitcoin experienced a sharp decline, dropping to around 121400, displaying strong bearish momentum in the early morning.
From the 1-hour and 4-hour charts of Bitcoin, the trading volume is shrinking synchronously, and the momentum bars are continuously narrowing, indicating insufficient market enthusiasm for chasing prices upward, which may result in short-term pullback pressure. The MACD momentum has shifted from a bullish trend to a bearish trend, continuing the high bearish operation this morning.
Operational Suggestions
BTC: Short at 122000-122700, target 120000-121000
Auntie: 4500-4540 short, target 4350-4450
#GatePerpDEX正式上线 #成长值抽奖赢iPhone17和周边 #Cryptocurrency market rebound
BTC-1.73%
ETH-3.82%
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