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Bitcoin’s large cycle daily candlestick pattern shows consecutive bullish candles followed by a single bearish candle, with prices at a low level. The attached indicator shows a golden cross, and the overall trend has now entered a range-bound correction phase!
In the short-term hourly chart, intraday prices have maintained a high-level consolidation pattern, but as the European session begins, prices have started to come under pressure and decline!
Currently, the candlestick pattern shows consecutive bearish candles, and the attached indicator shows a death cross, so for the European session, it’s important to see whether the price can break downwards and extend the move!
Trading strategy: Short on a rebound to the 91800 area, stop loss at the 92300 area, target the 90800 area! $BTC