Bitcoin is still in a weak consolidation and choppy trading pattern. Overall, there is intense back-and-forth within a range. In the short term, all moving averages have been running below the price, forming a typical bearish alignment, which suggests the overall trend is still bearish. However, there is a need for short-term pullback and correction. As long as the price has not yet broken out of the range, you may still try short positions around the overhead resistance near 76800 - 77200, targeting 75300 - 75800. If it breaks down, watch 74000 and even lower.

View Original
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