July 3rd, Bitcoin overall structure analysis!



From a long-term perspective, this bear market has successfully completed the three-stage pattern📉, currently slowly forming a bottom at the third stage's low, and has now completed a double bottom structure. Using Fibonacci, the bottom range should be between 54k and 57k USD, and the possibility of an early end to the bear market cannot be ruled out.

Returning to the chart, the current bottom is consolidating in a box pattern, and the 60k integer level is crucial. If it continues to 📉, it may test the 54,000-57k range. If it consolidates above the 60k integer level, it is possible that this bear market will end early, ushering in a new round of upward movement!

It is recommended to gradually build spot positions now to avoid missing out, and keep an eye on the real-time chart!

The above are purely personal opinions and are for reference only. They do not constitute any investment advice!July 3rd, Bitcoin overall structure analysis!

From a long-term perspective, this bear market has successfully completed the three-stage pattern📉, currently slowly forming a bottom at the third stage's low, and has now completed a double bottom structure. Using Fibonacci, the bottom range should be between 54k and 57k USD, and the possibility of an early end to the bear market cannot be ruled out.

Returning to the chart, the current bottom is consolidating in a box pattern, and the 60k integer level is crucial. If it continues to 📉, it may test the 54,000-57k range. If it consolidates above the 60k integer level, it is possible that this bear market will end early, ushering in a new round of upward movement!

It is recommended to gradually build spot positions now to avoid missing out, and keep an eye on the real-time chart!

The above are purely personal opinions and are for reference only. They do not constitute any investment advice!
BTC1.14%
View Original
[The user has shared his/her trading data. Go to the App to view more.]
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