Peter 0908 Morning Market Analysis: BTC
From a weekly perspective, Bitcoin has ended its three-week downward trend, with last week closing as a bullish candle.
However, after reaching a high, Bitcoin has retraced, so currently, there is still a chance of downward pressure. We can target the range of 111000~111500 for short positions!
From the KDJ indicator perspective, it is also showing a death cross and moving downward. Everyone should remain cautious about the market and not be blindly optimistic!
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