Bitcoin broke through the previous high point. No matter what the reason for the decline today, it can be defined as a wash.
Here I think it is worth trying to be bullish in the short term. If it falls below, stop loss.
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LIVE三木Trader
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BTC 4H
A large number of them occurred during the decline, but the price went from low to horizontal, which means that the original short-selling volume will cause the price to fall, and then the short-selling volume will be resisted by the longs, and the price is supported at the key position.
In the 1H cycle
There was an obvious stop-loss signal in the morning, and the horizontal support was clear around 59,500.
But from a larger perspective, the high point is still in the process of continuous decline, which is a stronger performance of the shorts. If you want to completely break the short-selling strength, the price needs to break through the previous high point of 64,300-64,400. The high point last night was also suppressed here. After the breakthrough, the market has a chance to warm up and strengthen. #BTC $BTC
A large number of them occurred during the decline, but the price went from low to horizontal, which means that the original short-selling volume will cause the price to fall, and then the short-selling volume will be resisted by the longs, and the price is supported at the key position.
In the 1H cycle
There was an obvious stop-loss signal in the morning, and the horizontal support was clear around 59,500.
But from a larger perspective, the high point is still in the process of continuous decline, which is a stronger performance of the shorts. If you want to completely break the short-selling strength, the price needs to break through the previous high point of 64,300-64,400. The high point last night was also suppressed here. After the breakthrough, the market has a chance to warm up and strengthen. #BTC $BTC
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BTC
75,363.63
+5.81%
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