5.7 Morning


Thought Process Analysis:
Bitcoin, after repeatedly being pushed and pulled at high levels yesterday, has shifted from being under pressure at high levels to a sideways downward trend. From the market perspective, the rebound height is gradually decreasing, and the bears are defending the key resistance level with exceptional determination. Multiple failed attempts to break higher have exhausted most of the bullish momentum. Currently, the price has broken below the short-term support zone, and the signal of shifting from strong to weak is becoming more obvious. If there is no volume support during the morning rebound, it is likely a secondary confirmation of the top followed by an accelerated decline.
The "姨太" (mistress) token performs even more sluggishly, with a rebound range far less than Bitcoin, and the downward space has not been fully released. Against the background of the market’s shifting center of gravity downward, it is expected to first fill the lower gap.
Trading Suggestions:
Bitcoin: Short near 81,300-81,800 on the rebound, target 79,800, 79,000.
"姨太" (mistress): Short near 2,330-2,350 on the rebound, target 2,280, 2,240. #BTC回调 $BTC $ETH
BTC0.19%
ETH-1.07%
View Original
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