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Bitcoin has continued to trade lower in the past one hour since today, sliding step-by-step from the top at 64,439 down to 63,788, perfectly matching yesterday’s prediction of the Bujie level. From a linear perspective, it still remains consistent with yesterday’s view: selling pressure (主椌) as the main factor.
Mingyuan 7/12 morning: sell around 64,100–64,500; look toward 63,200–62,500.
Mingyuan 7/12 morning: sell around 1,805–1,825; look toward 1,765–1,730.
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