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February 22, 2025 08:45:17
After 10 o'clock last night, fortunately we saw the top of the 30-minute chart liquidating the long positions, otherwise we would have been trapped again!
Yesterday, a coin brother's support at 98000 appeared at the top for 30 minutes. This position must not be broken. Once broken, it will be a breakthrough! Breakthrough means that the bears will dominate the market again!
And now the 4-hour and 6-hour MACD have both crossed below the signal line!! Moreover, on the 4-hour K-line chart yesterday, two candles showed significant selling volume! The trend is not optimistic!!
Now we can't be bullish, a top formation occurred in 12 hours, and the bears are very strong!
This morning is shaking. After the 30-minute MACD fell below the zero axis, it rebounded. Let's see what height it reaches before discussing further. The resistance levels above are 97100 and 98400. Let's talk about whether we can short at these two levels!!
30-minute MACD breaks the 0 axis, 3-hour MACD death cross, 12-hour top distribution pattern, bearish!!