$BTC Has not yet escaped the selling pressure. As we approach 74929 lows, there is at least a possibility of buyers coming in as a reaction to the decline. The upward reaction could continue up to 79000. If it cannot stay above the 82885 peak, a decline may occur again.


If it cannot hold the 74929 bottom, the decline will deepen further. The 71-68 thousand region may continue to fall toward the Fibonacci support level. This area is an important support level. It is a zone where buyers may come in.
When buyers strengthen, a rebound may occur again.
In the upward movement, we will monitor resistance levels at 98000-109-107 thousand. If it reaches the 109-107 thousand zone, this will be an important resistance.
If it cannot stay above the last peak of 126199, there may be another decline.
In deep declines, the 60000 level is significant. A daily close below this level would mean sellers are gaining strength, and the decline would deepen further. In this case, the recent rise is considered a correction of the decline.
BTC0.31%
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
  • Pinned