Nighttime Overall Market Review and Trading Suggestions



The intraday morning session has actually been supported around 80,600-8,000, with price gradually probing lower, effectively moving within a 1,000-point range.

The closing time in the evening is also valid, but the Federal Reserve's speech in the evening caused a more hawkish tone.

Between 9:42 and 10:00 PM, a large whale exited the market in batches, causing a retracement.

However, the previous support/resistance level at 79,500, which was a turning point, was not substantively broken and was confirmed to be valid.

Therefore, the bulls still need to test the daily MA200 support line.

Currently, the line report is at 80,000, with a cautious outlook toward 83,000$BTC
BTC-1.9%
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