Today BTC price picked up to 34,000U. The current long/short ratio of the BTC contract is 0.87. The bearish mood is still strong. The 4-hour line shows a sideways; MA30, MA10 and MA5 lines are winding; Bollinger band narrowing; MACD showed a small golden cross; RSI and KDJ trend is flat. In the short term, MA10 line will become an important resistance.
The market has recovered a bit, but we should still be cautious. Wait until the night when the trend is clear. A bold suggestion would be short at high positions at night. The climbing this time will not be too smooth.
The market has recovered a bit, but we should still be cautious. Wait until the night when the trend is clear. A bold suggestion would be short at high positions at night. The climbing this time will not be too smooth.