$BTC Today, Bitcoin opened lower and then rebounded after hitting the bottom, showing a recovery rally. The bearish momentum is rapidly weakening, and the bulls and bears are entering a rebalancing phase. There are no signs of a trend reversal yet, so do not rush to heavily buy the dip!



Focus on the resistance at 76,000 (the middle band of the Bollinger Bands). If the rebound cannot hold above this level, the weak oscillation pattern will be hard to change. The continuation of the bullish trend is questionable, so avoid blindly chasing highs;
The key support levels are 75,500-74,500. If the price pulls back and stabilizes without breaking below, consider light positions for short-term rebounds. Strictly buy and sell quickly, avoid holding onto losing positions or trying to fight the trend.
BTC1.56%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin