My friend asked me to analyze the market, but honestly I don't think there's much to analyze, but since he keeps pestering me, I'll share my view.


BTC Market Analysis: Major trend is bearish #btc
Daily level: We mentioned last Saturday that if the SMA120 can't hold in the next couple of days, it will be a false breakout, then downwards. The market is as we expected, even breaking below the SMA1000 and then retesting 74723. I think the daily chart has just started to decline, at least down to around 70,000. Let's see if there are any opportunities to go long.
BTC-0.88%
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