$BTC Bitcoin breaks out of the secondary high then faces selling pressure, short-term market is relatively weak



Initially focus on the 810-815 resistance zone; if the price effectively stabilizes above this area, it is advisable to wait for 840-860 before considering a position

Short-term support is at 805; a break below that could lead to further support at 790-795; 4-hour strong support is near 780

From the market structure perspective, after the price broke below the upward channel, the rebound has failed to re-enter the channel, indicating a continued weak trend

Be cautious of blindly chasing longs at high levels; only a stable breakthrough of the 850-860 range will truly break the consolidation zone and signal a trend reversal

Recently, macro factors are intertwined: potential bullish factors include the US visit to China on the 14th-15th and easing negotiations which may boost risk sentiment; potential bearish factors include the upcoming Federal Reserve chair change and escalating geopolitical tensions, which could trigger market risk aversion and selling pressure #山寨币资金回流
BTC0.09%
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