From a technical perspective, BTC maintains a bearish outlook at the 885 level. The area around 898 is a good opportunity to add to short positions; if it rebounds to that level, consider continuing to short. Going higher to 906 would be a loss zone, and you should cut losses and exit at that price.
The market trend for Bitcoin still depends on how the bears perform; don't miss this opportunity.
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.
5 Likes
Reward
5
4
Repost
Share
Comment
0/400
MultiSigFailMaster
· 11h ago
If 888 can't hold, I'll liquidate everything. This wave is too risky.
View OriginalReply0
GasFeeSobber
· 11h ago
Holding this position at 885 is the key, and dropping straight to 906 would be really painful.
View OriginalReply0
MergeConflict
· 12h ago
885 still needs to fall, this wave of bears must not be missed.
View OriginalReply0
WhaleWatcher
· 12h ago
885 holding firm will win, 906 those cutting losses are all bagholders
Bitcoin Returns to Bearish Momentum
From a technical perspective, BTC maintains a bearish outlook at the 885 level. The area around 898 is a good opportunity to add to short positions; if it rebounds to that level, consider continuing to short. Going higher to 906 would be a loss zone, and you should cut losses and exit at that price.
The market trend for Bitcoin still depends on how the bears perform; don't miss this opportunity.