Bitcoin Trend Analysis Today

Today’s BTC Trading Strategy Recommendations

Weekly Chart: The weekly trend remains healthy. Focus on fundamentals and the Fed’s rate cut progress. Consolidation is expected within the day.

Daily Chart: The daily trend is showing signs of fatigue, with three consecutive bearish pullbacks being particularly noticeable. This not only directly reflects the continued strength of the short-term bearish market but also disrupts the short-term balance of forces between bulls and bears, clearly establishing a weak market.

4-Hour Chart: After breaking below the lower band, four consecutive bearish candlesticks on the hourly chart have shown no signs of a reversal. The hourly chart shows a wavy downward trend. Overall, bearish sentiment is prevalent, with all indicators favoring the bears. Further declines are expected. Shorting at high levels is recommended in the short term.

Upper Resistance: 110,500-111,500
Lower Support: 103,000-102,000