Noon Thoughts

Yesterday evening, Bitcoin’s chart surged up to 672, but the bullish strength later weakened and exhausted, kicking off a round of deep pullback. The low touched 657. The short-term bearish pressure has been fully released, and a rebound repair has begun.

The short-term moving averages have gradually turned upward from a downward trend, which is a technical rebound after a decline. At this stage, it is only defined as a rebound, not a reversal. The 668-670 range overhead is the first layer of resistance.

Jing Yue believes that during the noon session, price will continue to range-trade within 656-672. Long positions at lower levels can be used for short-term tactical bets; once price reaches the resistance area, decisively switch to short—don’t blindly chase the rally. Overall, still follow the main rhythm of surging up to face resistance, and keep the pace firmly in your own hands #Gate现货交易量逆势增长增幅全球第一 $BTC $ETH #加密市场延续反弹 ‌