7.6 Morning Thoughts



Bitcoin surges sharply on the 4-hour chart. Current price: 63807. The short-term rally pushes up and is nearing the previous high of 63990. The price has risen above the middle Bollinger Band, and trading volume has expanded in sync, indicating sufficient short-term bullish momentum. However, as it approaches the high-pressure area near the top, there is a need for profit-taking and retracement. The short-term support below looks to be the middle Bollinger Band at 62573. Chasing higher carries relatively greater risk, so it’s better to observe from the sidelines.

Trading Suggestions

Bitcoin: 62700-63400, target 64200-65200

Ethereum: 1750-1780, target 1850-1950

#BTC
BTC0.43%
View Original
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