$BTC Ada Evening Thoughts


From the hourly chart perspective, last night until now, there was a typical "rise sharply and then fall back" move: first, it extended from 633 all the way up, reaching a high of 643, just touching the upper band of the Bollinger Bands, then it quickly fell back. The current price is at 639, having retraced to just above the middle Bollinger Band at 637, right on the upward trend line, indicating a high-level pullback after a rally.

Overall, tonight is likely to be a sideways consolidation, with 645-647 as resistance and 630-632 as support.
BTC1.10%
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