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BTC Market Analysis: Major Trend Bearish #BTC
Daily Level: Price has arrived at the intersection of SMA20/50, which is also near the midline of last week's highs and lows, as well as near the midline of last month's highs and lows, providing some support
4H Level: EMA20/50 has not yet formed a death cross, but K-line is running below EMA200, undoubtedly a bearish trend
Summary: Although a reversal signal has appeared, according to my previous trading habits, I would definitely have opened long positions, but this time I'll pass. I'm looking for opportunities to trade short with the trend. I won't chase this bounce as the risk is too high😂