Post

#BTC The current price is 74150, and the market remains in a relatively weak, choppy pattern, with prices sitting right near the recent support zone. The battle between bulls and bears is heating up. The first resistance above is around 75880. This level has capped prices several times before, and a rebound and recovery will need to hold above it to create room for a further move higher. Beyond that is a strong resistance zone around 77600. The nearest support below is 73980, which is the current dividing line. A high-volume break below it could trigger another wave of selling pressure, with 71800 becoming the next support level. Indicator-wise, the RSI is in a relatively weak range, and buying support is not particularly strong. Most rebounds have been driven by short covering, with no sustained inflow of new capital. Ongoing outflows from ETFs continue to weigh on the market, while volatility in U.S. Treasuries and the dollar could also affect sentiment toward risk assets at any time. Aggressive shorting or bottom-fishing is not advisable in the short term. It is better to wait for a clear direction: consider a rebound only after resistance holds, and continue to guard against downside risk if support breaks. In a choppy market, stop-losses should be set strictly to avoid losses from being repeatedly stopped out.

View Original
post-image
This page contains third-party content and does not constitute any advice, nor does it represent Gate's endorsement of such views. For details, please see disclaimer.
BTCBTC-0.67%


Add a comment
Add a comment

Comment
No comments