Monday Night Jing Yi's Thinking


Bitcoin sharply dropped to a bottom of 765 and quickly rebounded, short-term it is a correction rebound and weak rally after a big decline, not a reversal to a big rise.

First resistance above: 78,400–78,600 (the starting point of this round of decline), this is a strong dividing line;
Support below: 77,000 and 76,500 double support levels.

1-hour moving averages still open downward, bearish arrangement, the overall trend is still a rebound correction within a downtrend; KDJ shows a golden cross at low levels for a rebound, but overall still within the downward channel, belonging to a technical rebound after a decline, bulls have not completely reversed the trend; 1-hour key resistance: 780–784, only if it stabilizes here can it turn into sideways with a slight bullish bias; if it cannot hold, it will test the lows again.

Trading Suggestions
BTC: Rebound to 779–786 zone for short positions, target 772 → 758
ETH: Rebound to 2160–2200 zone for short positions, currently 2130–2050
#TradFi交易分享挑战
BTC-1.97%
ETH-3.56%
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
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
CultivateOneselfAndNurtureThe
· 2h ago
Awesome. Enjoy your meal. I'll order a male model for you.
View OriginalReply0
  • Pinned