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Bitcoin retreated nearly 10,000 points yesterday, with the price once again hitting recent lows, significantly increasing market volatility. In the early morning, the price found short-term support at around 66,800 and initiated a technical rebound, reaching the pressure zone near 68,400 at midday, which closely aligned with the previously suggested strategy range of 68,200-68,500. Subsequently, the price faced resistance and pulled back; in the evening, it dipped near 66,600, triggering another rebound. During the early hours, the price surged to 68,300 but was overtaken by the bears, quickly falling to a low of around 65,800. It then rebounded slightly to the 66,200 range, entering a narrow consolidation. Recently, the battle between bulls and bears has been intense, with wide-range tug-of-war characteristics evident. The price center of gravity has continued to shift downward, maintaining a generally weak and volatile structure. The short-term trend has not yet shown clear reversal signals.
BTC1.32%
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BullAndBearBattlevip
· 02-19 00:14
Good luck and prosperity 🧧
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