7.1



Lightly open long positions near 58400-58500, stop loss at 58000, targets 58800/59000;
Above, wait for a shorting opportunity in the 59000-59200 range, stop loss at 59500, targets 58500/58200.

The chart has reached this point, a typical bearish continuation pattern. Sliding from the 58863 high to 58485, the 4-hour level has continuously closed bearish, with highs gradually moving lower. The AVL average of 58442 has just been broken, leaning short-term bearish. However, the 58000-58200 area is a previous low support zone; a direct breakdown requires new bearish catalysts.

For intraday, first look at the 58200-58800 range consolidation. If 58200 is broken, it will accelerate toward 57800 for support.

At this level, it's best to keep your hands off before the direction is clear. Wait for a breakout with volume or a breakdown, then follow the trend, which is more reliable than guessing the direction. $BTC #特朗普披露持有超1亿美元BTCETH
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0xSecondThought
· 1h ago
Wait for volume to pick up and keep your hands off. Entering now is gambling. Break above 58800, go long. Break below 58000, go short. Simple.
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BearMarketWithAHintOfOrange
· 1h ago
AVL breaks below and the prior high shifts downward—short-term is bearish. But I don’t believe the 58,200 previous low support will break all at once. Wait for the bulls to counterattack.
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