Today’s Bitcoin core analysis: The current quote is about $73,671, down 0.28% in 24 hours, with market sentiment dominated by bears. Short-term capital outflows are obvious, and the 4-hour chart remains suppressed by moving averages above, with weak rebound strength, indicating a weak oscillating structure. Strong resistance above is at $74,300-74,800, with the first support at $72,500-73,000, and strong support near $70,600. The priority is to observe the price’s oscillation after testing support; if it can hold the $72,500-73,000 support, there’s a chance for a slight rebound to test resistance. Once it breaks below $72,000, bearish momentum will further accelerate, with a downside target near $70,600.



Trading suggestions:

1. Short position: When rebounding to the $74,300-74,800 zone and facing resistance, try a small short position, with a stop-loss above $75,200. The initial target is $73,000; if broken, hold for $72,000-$70,600. If it directly breaks below $72,500 and confirms a retest, add to the short position with a stop-loss at $73,200, targeting the $70,600-71,000 zone.

2. Long position: Only attempt longs at support levels. When the price stabilizes after retesting the $72,500-73,000 zone, try a small long position, with a stop-loss below $72,000. The target is $74,000-74,300. If resistance is encountered during the rebound, exit promptly—don’t be greedy.

3. Risk control principles: Operate with small positions throughout, avoid holding positions against the trend, and do not add to losing positions. In oscillating markets, buy and sell quickly, strictly follow key levels for stop-loss and take-profit, and avoid emotional #成长值抽奖赢金条 trading.
BTC-3.54%
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
  • Pinned