$BTC
BTC Contract Short Code:
Yesterday, Tian Ge mentioned in his post that there was a volume-less increase at the weekly level: volume divergence. In the short term, there will be a significant pullback if there isn't enough volume near the upper wedge line around 108000.
Today, after the price rises to 10800, the weekly volume is still in a divergent state. Both KDJ and RSI are in the overbought zone. The daily MACD shows divergence.
A significant pullback for BTC is expected this week. Brothers who saw the short strategy at 108000 yesterday but did not enter can now enter a short position. Enter a short position at the current market price, and add to the position at 108500. Targets: 98000 for the first target and 90000 for the second target. Stop loss: set a triggering stop loss at 110800, with a stop loss price of 109000.
For more analysis, code ‘1’ to get in touch with Tian Ge.