9.26 Bitcoin Analysis

Bitcoin continued to show strong bearish sentiment in the early morning, dipping down to the 108500 line. The range pattern that had been in a continuous oscillation for several days has been strongly broken, and there is an inertia to continue breaking lower. In the short term, attention should be paid to changes in resistance levels, and operations can be performed in line with the trend!

From the current trend, the four-hour level has been under pressure with consecutive declines, and the short-term moving averages are gradually forming a bearish divergence pattern. There are clear signs of weakness in the trend, and after the decline, there has been little rebound action. Currently, the market trend is weak. In the short term, focus on the continuation of the decline and the strength of any rebound, which will determine the layout of bearish expectations for the future!

BTC Recommendation: 109600-109900🈳 Target 108000#GateLayer正式上线 #LaunchpadXPL认购开启 #狗狗币ETF进展 #BTC #ETH