#BTC
The market faces heavy resistance, and the pressure from above is too great!
Last night, the non-farm payrolls created a false move to push prices up, followed by a downward crash, and the ongoing fluctuations upwards are not as impactful as a few bearish candles... The market control is becoming more frequent.
The current news is quite alarming; the situation is becoming increasingly unstable, and some large investors have started to sell off in large quantities. It appears that regardless of who gets elected, the market is likely to crash.
These are the signals the market is currently giving us, but how it will unfold still depends on time. What we need to do is stabilize our funds and look for the right opportunity to take action.
From a technical perspective, the selling pressure on the daily chart is strong, with three consecutive bearish candles forming a downward trend. The position at 69700 is currently a resistance level. According to this trend, the market may continue to decline, so we should pay attention to the market's downward trend in the next couple of days. However, I still advise against being too eager to short, as technical analysis sometimes doesn't mean much in the face of news; we need to see the bigger picture!
Focus on: MASK DOGE TIA SOL ...
If you want to catch this bull market, starting to learn now might be a bit late; it's best to find someone to guide you quickly.
I am Jiu Ge, and feel free to come and chat!
