2025-10-04 19:32:43

#BTC 10.5 BTC early morning market analysis

BTC surged to 123900 in the early morning before it collapsed, dropping all the way down to around 121500 before stabilizing, and it is still lingering around that area now.

From a technical perspective, trading volume was quite active during the upward movement on the four-hour chart, but no one was selling during the decline, and the bulls are hesitant to push higher. The MACD has formed a death cross, and green bars have appeared, indicating that the short-term bulls are losing momentum, while the bears are about to gain strength. It is highly likely that a downward adjustment is forthcoming.

Operation Suggestions:
Around 122000, look for a target first at 121000-120000.

BTC-0,5%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.