Bitcoin Market
Bitcoin is trying to hit 65,000 again, and the long-short ratio has dropped to 0.73. Bitcoin has reached the position of short-term position reduction, and it is uncertain whether 65,000 can be broken through.
Diffusion triangle structure
The hourly structure of Bitcoin is a spreading triangle, with 62350 as the support level. If it falls below, it can be confirmed that it has reached the top. The upper edge is the pressure. If it fails to break through, it will usher in a deeper retracement. This pattern has a good reference value for short-term operations.
On-chain indicator usdt.d
The market capitalization share of USDT is negatively correlated with BTC. As one falls, the other rises. Currently, USDT.D has fallen into the support area, and the probability of rebound has increased, which means that the risk of BTC's pullback has increased.
TD indicator
On September 8, Bitcoin’s daily line formed the TD bottom of 13, and has continued to move forward until now. Tomorrow it will form the TD top of 9, so you need to pay attention to the risks.
