Current price is 91335. After a previous rise, it has entered a high volatility range, which is an extremely strong bearish signal, indicating that large funds are withdrawing on a large scale while taking advantage of the high market.
Although the price is still above the key support level, such a large outflow of funds usually indicates that a significant pullback is about to occur. Large funds are withdrawing at high levels, increasing the risk of a pullback, the K value is overbought and flattening, and the MACD shows a top divergence, signaling a depletion of upward momentum.
It is recommended to short near 91550-92550, with a target of 91000, 90740.
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11.28BTC midday analysis
Current price is 91335. After a previous rise, it has entered a high volatility range, which is an extremely strong bearish signal, indicating that large funds are withdrawing on a large scale while taking advantage of the high market.
Although the price is still above the key support level, such a large outflow of funds usually indicates that a significant pullback is about to occur. Large funds are withdrawing at high levels, increasing the risk of a pullback, the K value is overbought and flattening, and the MACD shows a top divergence, signaling a depletion of upward momentum.
It is recommended to short near 91550-92550, with a target of 91000, 90740.