You thought you caught the bottom, but the bottom caught you. The 12-hour head and shoulders top has confirmed a breakdown below the neckline, which is a typical intermediate-term reversal signal. The theoretical downside target points lower, with current price consolidating near 68000, but rebound strength is extremely weak—the hourly level has formed a bearish trendline, with resistance level lowered to 69200. Below 70000, going with the trend is bearish, while going long is a matter of faith.$BTC $ETH

BTC2,92%
ETH2,96%
View Original
post-image
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin