5.5 Evening


Thought Process Analysis:
Bitcoin surged to 81,500 today and then clearly decreased in volume, with a long upper shadow appearing on the daily chart, indicating that resistance at high levels remains strong.
Current market funds show that the bullish momentum has been exhausted during the afternoon rally, and this sideways movement is more like a cover for the main players' retreat.
Once the US stock market opens with volatility tonight, Bitcoin is very likely to break below the 80,000 psychological level, triggering technical selling and filling the lower gap.
The sentiment of the "姨太" (mistress) group is very weak, and the extent of the pullback is expected to be even larger.

Trading Suggestions:
Bitcoin: Short near the current price of 81,000-81,500, target 79,500, 78,500.
Mistress: Short near the current price of 2,370-2,390, target 2,330, 2,300.
#比特币现货交易量新低 $BTC $ETH
BTC1.98%
ETH0.61%
View Original
post-image
post-image
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