6.6 Evening


The boss is currently at 608, with the intraday low reaching 590, and the 4-hour chart has formed a very long lower shadow. This long lower shadow indicates that there is a large amount of buying pressure supporting the bottom in the 590-600 area, and the selling pressure here has already been exhausted.

Tonight, there is a high probability of a rebound, first testing 625-632. If it can break through 632, it will look towards 640 or even 650; if it cannot break through 632, it will oscillate between 620-630, then return to the 600-605 range.

Summary: In the short term, as long as there are no sudden major negative events, the possibility of breaking below 590 is very low. It is most likely to oscillate and recover within 600-640, digesting this rapid decline. $BTC
BTC-0.5%
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