6.3 Bitcoin Analysis



Bitcoin has experienced a cliff-like plunge since the beginning of this month, dropping from around 74,000 to 66,155. The bulls have repeatedly lost key support levels, with minor rebounds during the session being ineffective, large off-exchange holdings gradually withdrawing, coupled with some institutions slightly reducing their positions, causing the market to continue weakening.

The daily chart broke below the key support at 68,500, with all moving averages turning downward, the Bollinger Bands opening downward, and the RSI indicator entering the oversold zone. The four-hour chart repeatedly closed with large bearish candles, with lows continuously being refreshed, rebound efforts weakening, and the overall trend leaning bearish.

Trading idea: Short at 67,500-68,000, targeting 65,500-65,000. #分享美股交易赢英伟达股票 $BTC
BTC-5.17%
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