Tong Ge 6.25 BTC Thoughts


$BTC Short at 610-615, stop loss above 620, first target 600, second target 590
Yesterday a wick hit 59060, forcing out all panic sellers, and later in the night it bounced back to 612.
Many people see this green candle and start calling a bottom, but Tong Ge still says: A deep drop will bounce, but where it goes after the bounce is the key.
The amplitude of this bounce looks significant, but look at the current 608 level—it couldn't even hold the high of yesterday's rebound.
The bulls took the profit and ran, no one dares to put real money in.
So the market is still in the same rhythm: a recovery after a sharp drop, not a reversal. The low has been found, and resistance is clear. If it can't break through, it can't break through. Continue to follow the trend and look south until the trend reverses.
BTC-2.91%
View Original
post-image
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