This week, Bitcoin is expected to continue its rebound, but the rebound space will not be very large. If market expectations for a Fed rate cut continue to cool later on, it is possible for Bitcoin to approach the previous high of 65,500-67,200, though this possibility is relatively low.



After Bitcoin's short-term recovery, the moving average bands have not fully crossed yet, so early this week, it is not ruled out that the market may first test support with a pullback. Focus should be on the battle around the moving average band of 62,000-61,000 for further testing. If it falls back below 60,000 this week, it will signal the end of the rebound trend. #比特币
BTC2.54%
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
  • 3
  • Repost
  • Share
Comment
Add a comment
Add a comment
ZkSketcher
· 12h ago
62000 support test is indeed crucial; if it falls below 60000, mentality will collapse.
View OriginalReply0
TheCandlestickChartLooksLikeAn
· 14h ago
The moving averages haven’t crossed yet—does the start-of-week plan look like a pullback first, then a push? I’ll try placing an order at 61000 to see if I can pick up at that level.
View OriginalReply0
OldKeyboardTraitor
· 14h ago
The talk about the Fed’s expectations cooling down has been going on for half a month. If things really cool down, 65500 would be reached in the blink of an eye—but it feels like the market is already numb to macro news.
View OriginalReply0
  • Pinned