$BTC Bitcoin pulls back from high levels and breaks below, currently trading around 79,617. The price has fallen below key moving average support, and short-term bearish momentum continues to be released.


Resistance above is concentrated in the 80,000-80,400 range, with strong resistance at the previous high of 82,788; support below first looks at the 79,160 level, and if it fails to hold, then around 78,700.
On the 1-hour chart, the price continues to decline along the moving averages, and on the 4-hour chart, the MACD green bars are expanding, indicating a clear downtrend. In the short term, the strategy is mainly to follow the trend with a bearish bias. Rebound attempts may face resistance, and light short positions can be tried. Do not attempt to bottom fish until a stabilization signal appears. #比特币跌破8万美元
BTC-0.8%
View Original
BrotherRuiTalksAboutCoins
Midday Strategy # Bitcoin Falls Below $80k
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