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7.1 Bitcoin Analysis
Bitcoin surged near 59300 yesterday and then continued to decline with consecutive bearish candles, with the highs gradually moving lower. This morning, the low reached 58273. Overall, it is still trading within a downward channel, and the rebound strength is weak. On the 4-hour timeframe, the moving averages are arranged bearishly, and the medium-term bearish trend continues. Today’s core idea remains to short on rebounds, waiting for the upper resistance zone to enter.
Entry: 58500-59000 zone, do *kang*
Stop Loss: above 59400
Target: first target 57800-58000, second target 57000-57200$BTC #道琼斯指数创历史新高