1. Market Review/Analysis and Bots Strategy Selection:
The daily Bollinger Bands for Bitcoin are tightening, with more pressure on the lower band, while the overall market is still near the upper band, close to the middle band. At the same time, the daily MACD has formed a death cross; the 4-hour Bollinger Bands are opening up, breaking below the lower band, with the MACD also showing a death cross and moving below the zero line. The short-term bearish trend is dominant, and it may further test the support level, watching to see if the 112,000 USD line holds. If it breaks, it could accelerate
View OriginalThe daily Bollinger Bands for Bitcoin are tightening, with more pressure on the lower band, while the overall market is still near the upper band, close to the middle band. At the same time, the daily MACD has formed a death cross; the 4-hour Bollinger Bands are opening up, breaking below the lower band, with the MACD also showing a death cross and moving below the zero line. The short-term bearish trend is dominant, and it may further test the support level, watching to see if the 112,000 USD line holds. If it breaks, it could accelerate