Today’s Bitcoin Trend Strategy Analysis

Latest Bitcoin Market Analysis
Bitcoin is once again approaching its all-time high. Currently, it is trading below the upper Bollinger Band at 122,200, indicating significant resistance above. Major players are clearly selling at the market top. Barring significant positive news, Bitcoin is expected to rise again. After four consecutive declines, the price has broken through the short-term support level of 120,000 and is currently consolidating around 120,000. The MACD indicator continues to show a top-down divergence, and trading volume is decreasing. The DIF and DEA indicators are beginning to contract, indicating a short-term downtrend. Short-term short selling is recommended. Market weakness is evident, and the risks outweigh the rewards.
Short-term trading recommendations:
Long around $117,000
Short around $122,000