It is a new week again. After Bitcoin rose to 57372 overnight, the hourly line was suppressed by the middle track and then turned down. The short-term gains were exhausted. The market will continue to pay attention to the market decline.
From the 4-hour chart, Bitcoin's short-term gains have been curbed, and a double top structure has been formed in 4 hours. It has turned down under the pressure of Fibonacci 58500. Bollinger also showed a trend of closing and oscillating, but the daily line closed negative, and the main structure is still in a bearish form. The bears once again dominated the current market sentiment, and the follow-up is still dominated by high altitude. From the attached chart indicators, we can clearly see that the KDJ three lines cross downward, OBV falls back to the yellow line and further falls, and MACD crosses downward, so the rebound in the future market can be done short!
BTC morning strategy: short at 56500, and the target can be a little lower at 54500!
