7.29 morning, BTC update



In the short-term trend, the upward momentum continues to face pressure. In the immediate term, there is an obvious suppression range, with key sell pressure concentrated at the upper resistance levels.
Only if the price increases in volume and firmly holds above the strong-resistance position can the short-term weak pattern be alleviated and room to the upside further opened; otherwise, if it faces pressure and falls, the bearish market will continue.

For the downside, focus on yesterday’s low as support. This is the watershed between bulls and bears at this stage; whether support holds or breaks will determine the direction of the subsequent market.

BTC plan reference layout
Entry range: short around 64,400—64,900
First target: 63,000, second target: 62,000#SK海力士财报不佳盘后下跌
BTC1.51%
SK Hynix-9.61%
SKHY-9.12%
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
FlokiFan
· 3h ago
This short-sell idea is too conservative; even 62,000 probably won’t hold up.
View OriginalReply0
StarkNetPioneer
· 4h ago
Bro, this analysis is pretty solid, but I think the rebound we saw this morning wasn’t too bad. Can we hold steady at 64,500 before we talk? After all, SK hynix’s earnings report also affects market sentiment. Don’t rush to enter.
View OriginalReply0
  • Pinned