Yesterday, the big coin repeatedly attempted to break higher but met resistance and fell back. Although it gained support above 6W in the short term and tried to rebound, it was still constrained by pressure from key moving averages, resulting in a weak rebound. Across all timeframes, a bearish arrangement is also showing up—both the high and the low points are shifting lower, with the shorts still in control. Yesterday, three waves of “luo dai” were observed, and two of them were also acceptable. At present, the coin price is trading below the various moving averages, and the moving averages are displaying a bearish divergence. This is a downtrend continuation pattern; during the day, you may try to enter shorts around 62,000-62,600, and watch the 60,700-6W level below. In the top ranking, focus on tonight’s CPI inflation data—the key catalyst for determining the short-term direction.

BTC-2.95%
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