BTC rose sharply in the evening due to news influences, then quickly fell back, forming a long upper wick with substantial volume, revealing heavy selling pressure above.



Although it once broke through the moving average, it has not been able to stabilize effectively, and the MACD red bars continue to shrink, indicating a gradual decline in bullish momentum, with overall momentum weakening and selling pressure increasing.

Short at 117000, target 115000. The slope position looks below 114000. BTC surged in the evening due to news but quickly fell back, creating a long upper wick with significant selling pressure above.

Although it once broke through the moving average, it has not been able to effectively stabilize, and the MACD red bars continue to shrink, indicating a gradual decline in bullish momentum, with overall momentum weakening and selling pressure increasing.

Short 117000, target 115000. The slope level looks below 114000.
BTC-0.29%
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