Saturday’s BTC price action showed a slight bullish tendency, but the real body was relatively thin, which is more of a minor correction to the previous trend rather than a significant move in either direction. From the hourly technical chart, the price has reached the upper edge of the consolidation range. Given this, it is advisable to remain cautious with short positions at higher levels.
BTC: Short around 89,800-90,300, add at 90,800, target 88,800-87,000
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Saturday’s BTC price action showed a slight bullish tendency, but the real body was relatively thin, which is more of a minor correction to the previous trend rather than a significant move in either direction. From the hourly technical chart, the price has reached the upper edge of the consolidation range. Given this, it is advisable to remain cautious with short positions at higher levels.
BTC: Short around 89,800-90,300, add at 90,800, target 88,800-87,000