The price reversed as soon as it touched the upper Bollinger Band and is now hovering between the upper and middle bands. There's clear resistance above and a need for a pullback, so keep an eye on the middle band, or it might even test the lower band.
The MACD histogram has turned green. The bullish momentum has obviously weakened, and the bears are starting to take the lead.
Personal view: In the 92,500 to 93,000 range, consider shorting on rallies, targeting around 91,500 first.
As always, this is just my personal trading perspective and does not constitute investment advice. Fed rate cut expectations are fluctuating again, so manage your risks accordingly.
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ApeEscapeArtist
· 12-05 02:57
Sigh, it's the same old Bollinger Bands trick again. I almost fall for it every time.
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CafeMinor
· 12-05 02:54
Time to go short again? Just the day before yesterday everyone was extremely bullish, this cycle shift is happening a bit fast.
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MEV_Whisperer
· 12-05 02:51
The Bollinger Bands are acting up again. Is it really going to crash this time? It feels like every time there’s a stir about rate cut expectations, the coin prices get restless.
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TradFiRefugee
· 12-05 02:33
Opening short orders at 92,500-93,000 again? Last time doing this got liquidated immediately, learned my lesson.
#美联储重启降息步伐 $BTC Early session observation is here.
The price reversed as soon as it touched the upper Bollinger Band and is now hovering between the upper and middle bands. There's clear resistance above and a need for a pullback, so keep an eye on the middle band, or it might even test the lower band.
The MACD histogram has turned green. The bullish momentum has obviously weakened, and the bears are starting to take the lead.
Personal view: In the 92,500 to 93,000 range, consider shorting on rallies, targeting around 91,500 first.
As always, this is just my personal trading perspective and does not constitute investment advice. Fed rate cut expectations are fluctuating again, so manage your risks accordingly.