The 15-minute trend in the morning is very clear. Bitcoin surged from the high of 73,128 and then continued to decline, remaining under the downward trend line throughout. The overall bearish trend is clear, and so far, no effective reversal signals have appeared in the market. Short-term trading mainly focuses on shorting at high points.



Previously, the price rebounded from a low of 70,470, attempting to test the 73,000 resistance level, but failed to establish a firm footing, then quickly fell back and weakened.

Currently, the price is around 71,800, still below the downward trend line, with weak rebound strength and continued pressure. The overall bearish structure remains solid, and following the trend to short is still the main strategy.

Bitcoin rebounds near 72,500-73,000, with a target of 70,000. If the support breaks, the downward trend continues.
BTC1,35%
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