Let me first highlight the key point: The major direction hasn't stabilized yet, further decline is expected
Weekly K: The weekly chart hasn't reached the bottom yet, this is a mid-level pullback. Currently forming a pivot at this level, supported by the major cycle's uptrend line. Pay close attention to the strong support below at 65500. If 66500 breaks, watch the area around 55000
Daily K: MACD is in a bull-bear standoff. Bears need to continuously watch whether MACD can sustain the bearish momentum bars
Minor levels: As the weekend approaches, the main theme will be consolidation and pullback. Currently the consolidation range is at 96000-71600. Whichever direction breaks or falls through, watch that direction #Gate13周年全球庆典
BTC
Let me first highlight the key point: The major direction hasn't stabilized yet, further decline is expected
Weekly K: The weekly chart hasn't reached the bottom yet, this is a mid-level pullback. Currently forming a pivot at this level, supported by the major cycle's uptrend line. Pay close attention to the strong support below at 65500. If 66500 breaks, watch the area around 55000
Daily K: MACD is in a bull-bear standoff. Bears need to continuously watch whether MACD can sustain the bearish momentum bars
Minor levels: As the weekend approaches, the main theme will be consolidation and pullback. Currently the consolidation range is at 96000-71600. Whichever direction breaks or falls through, watch that direction #Gate13周年全球庆典