6.2 Morning Market Analysis $BTC $ETH


Yesterday was a day of great victory, with the Bitcoin short-selling strategy taking three orders, capturing over 3,000 points of space, and the 30,000+ oil silk sliding pocket strategy being perfectly validated. All notifications have been fully delivered!
Regarding the market, Bitcoin continues to be under pressure and decline, with strong bearish pressure from moving averages. Short-term rebounds are difficult to reverse the downward structure, and multiple short-selling ideas were provided yesterday!

The market shows a complete downward trend, with highs and lows continuously moving lower, and two medium- and long-term moving averages forming double resistance. The coin price has consistently been below the moving averages. During the session, small positive candles showed weak recovery strength, unable to break through the moving average resistance. After a rebound, it weakened again and refreshed lows, with the bears firmly controlling the market.

Trading Suggestions
Bitcoin rebounds in the 71,400-71,800 range, gradually shorting in batches, with targets of 70,000-69,000.
BTC-5.86%
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