Bitcoin market analysis

Hanging Man

CME BTC futures closed negative on the daily chart, with a hammer line, and a bearish hanging line is possible at a relatively high level. (If a hammer line appears in an upward trend, it indicates that the previous upward trend has ended, and this is called a "hanging line.")

TD indicator

Looking at the K-line of Binance Exchange, the daily TD indicator reached a top of 13, which is also a bearish signal.

Application rules of TD indicator

USDT market capitalization share

This indicator is often analyzed in the group, and the market capitalization share of USDT usually moves in the opposite direction to that of BTC.

The USDT market capitalization has retreated to near the rising trend line. If it rebounds here, it means that Bitcoin may fall.

In short, the conclusion is that Bitcoin has entered a dangerous zone, and short-term positions can be reduced. #BTC走势预测