Morning Bitcoin Analysis



Today, Bitcoin still remains in a mostly sideways/oscillating trend. After the wall-price briefly dipped to 770 early this morning, it quickly stabilized again, leaving a long bearish candle. It is currently ranging and consolidating around 784. With a breakout on increased volume + the MACD curling, the short term has entered a retracement cycle. Be light/cautious—if things play out as planned, wait and follow through, and be sure to set your stop with the levels provided.

Suggestion: Short around 785-790; first target 770, second target 765; stop at 795#以太坊Meme季卷土重来 $BTC .
BTC-0.27%
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