2.9 Bitcoin momentum weakens! Don't rush to chase long positions
The momentum of Bitcoin bulls is slowing down, with higher lows and the upward threshold being breached.
At the hourly level, it is clearly visible that bullish momentum is weakening. It is expected to retrace before continuing to rise, but don’t assume there will be an immediate micro-reversal before it confirms a reversal. Micro-reversals are low probability events, so don’t bet on low probabilities!
Wait for the retracement to provide testing opportunities; short-term operations are fine.
【Risk Disclaimer: Personal opinion, not to be used as a basis for decision-making, trading has risks, profits and losses are your own responsibility】
