7.17 Jack Afternoon Big Pie Analysis



After falling from the 64041.6 peak, the moving averages are trending downward, and the bearish setup has been fully exposed. The price continues to edge lower, with the low touching 62754.6; it is currently temporarily holding around 62757.8. The 63431.5 level is a very strong resistance, and there is a lot of sell pressure stacked above. Right now, this is only a brief pause after a major drop—if the subsequent rebound can’t break through 63430, the downward move will likely continue. #比特
BTC0.32%
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
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
LiquidityLover
· 16h ago
63430 is indeed a key level; if it doesn’t break through, it will likely continue looking for support lower down. Conservatively, check whether around 62,500 can hold. For the short term, I don’t recommend catching the dip.
View OriginalReply0
LiquidityProvider
· 16h ago
The bearish trend is clear; rebounds are opportunities to short.
View OriginalReply0
  • Pinned