$BTC

Bitcoin Market Analysis

Currently, do not chase the high prices. Bitcoin has reached the upper resistance level of 96300 and shows signs of a reversal with a potential bearish candlestick forming next.

You can enter a short position at 96100, with the first target at 94200. If that level is broken, the second target will be 91800, with a stop loss at 96800.

Today, the overall trend of Bitcoin is a slow decline with fluctuations. A range of 1000 points can be taken as profit, and if there’s a waterfall decline, we will have to watch the U.S. market.

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