The upward momentum has diminished. Additionally, at a reversal point like Wednesday, the rally has basically come to an end. The hourly chart shows a clear double top pattern, with resistance still present above. Currently, the price is at a high on the 4-hour chart, with the upper Bollinger Band acting as resistance. The box structure still exists. Therefore, in the early morning, we should watch for a pullback, with a full reversal down to the 70,000-69,000 area. $BTC

BTC2,41%
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