ChengxinOnlineGuide
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Thursday morning analysis



The big pie has reached a new high, the bears have basically been cleared, completing a daily W pattern. After a quick rise in the short term, there was a rapid pullback, and the pressure is evident.
Currently in a volatile adjustment, forming a flat top.

The 4-hour chart shows consecutive bullish candles, with strong buying momentum and a heated sentiment. However, the KDJ indicator is showing a high-level convergence dead cross, and the hourly chart has been closing with long upper shadows, indicating significant short-term resistance above. The trading volume during the day has decreased, making it difficult to break upwards. A high-level consolidation is expected during the day, and a strong technical correction is needed.

Operating Suggestions

BTC: Short in the range of 111400—111600, target 109700

Short sell in the range of 2780—2800, target 2680
#BTC#
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