Technical analysis by sxaix1 about Symbol BTC: Sell recommendation (5/9/2024)

Judging from the 120-minute chart, the 10-day moving average and the 20-day moving average form a dead cross, with the two moving averages running parallel downwards, and the MACD indicator is also below the 0 axis, which is an obvious short trend. In addition, the price is falling along the 10-day moving average, and the current thinking is still bearish. Trading strategy: If the price rebounds to 61500-61800, you can sell it, with a target of 60000 and a stop loss of 62100. The above trading strategies are for reference only. I will update the strategies in real time in the guidance group.