Yesterday, Bitcoin fell very weakly, and fell again during the US trading session. As expected, it fell below 66,000. Although it rebounded, it was blocked again as expected at 66,600.
Yesterday, the market rebounded to around 66,600, and the adjustment demand brought by the top divergence pattern of the daily level indicator was released to a certain extent. However, there is not much room for rebound, resulting in a long lower shadow on the daily closing line. This phenomenon shows that the current persimmon market is still optimistic about the bulls.
However, from the overall environment, the rebound of Bitcoin is still not an autonomous trend, so bulls should still be treated with caution. Just like Dapeng said yesterday, chasing longs only has band and short-term expectations!
At present, the top divergence pattern still exists on the daily level indicators, and there is a possibility of continuation. Last night, 65,000 did not fall below, providing certain conditions of support. Therefore, Bitcoin is likely to fluctuate and digest around the moving average band today, and such a trend also caters to the effect of light trading over the weekend.
At the weekend, pay attention to the pressure near 67,000 above and the support test near 65,000 below. Let's look at the high-altitude and low-multiple operations in this range for the time being. Just enter the market with Ethereum sync!
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