🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes!
BTC stayed in consolidation for a day, with both long and short positions still deciding their direction. However, the 4-hour chart has started to show signs of a bearish trend, with the 60-period moving average acting as resistance and a death cross signal on the MACD. These are all reasons to short. Considering the chip situation above BTC, there is a high probability that it will spike up to 62500, touch the 120-period moving average, and then quickly move downwards in a bearish trend. Therefore, it is recommended to open a short position at 62450, with a stop loss of 500 points and a take profit of more than 1500 points (specific conditions should be judged based on real-time market conditions).