The price was dropping fast as it climbed in the past few days
With ups and downs, 40,000U has become an essential point. The trend is gradually narrowing. There is a high possibility of trend changing. The BTC contract long/short ratio is 0.96. Bearish mood dominates the market at the moment. Technically speaking, the 4-hour line and the Bollinger Band are widening. KDJ is in a downward trend; RSI is running smoothly; MACD is temporarily moving below the zero axis. There might be a callback in the short term, ranging from 300-700U. As for the 1-hour line, the shorts continue to increase in volume.
The price was dropping fast as it climbed in the past few days, almost at midnight (UTC +8). Trade steadily, buy long with small volume. The resistance is 41,200U and the stop loss at 38,900U. Bold suggestion would be short around 41,500U.
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