Today we will talk about the market, especially the trend of BTC. You see, the big cake seemed to bounce before, but then it fell slightly. The place where it was swaying before is no longer its home. The new high point is almost set at 64745.
In the morning, the market was like playing on a trampoline, up and down unsteadily. I guess, when the US market opens in the evening, we can probably see the general direction. Now the price is hovering around 63000.
If the price accidentally falls below the 62300 level, hey, it may have to slide down again. So, friends who play with coins, you have to have an idea in your mind and be prepared.
Looking at the 4-hour chart again, the price of the big cake seems to be stepping on a trampoline. Although it didn't fall, it didn't bounce up much. If this momentum doesn't come for a long time and the strength is used up, you may have to squat down.
Although it looks like it is climbing up now, Bitcoin has not yet crossed the threshold of 65,000.
It feels like the bulls are losing strength, just like they start to pant halfway through a run. Look at the five-day and ten-day moving averages, they are all lying flat and motionless, which is also a signal.
In short, the next may be this kind of tepid shock situation, and the price may slide down a little bit, looking for the support point below.
However, if Bitcoin suddenly gets angry one day and breaks through 65,000 in one breath, it will be lively. Therefore, we have to keep an eye on it, especially the pressure level of 65,000 and the support level of 62,300, as well as Ethereum's 2730 and 2530, which are also key points. BTC market needs to be paid attention to at all times!
