Until Friday evening, after the strong rebound of the Bitcoin "Mistress," it reached a high of around 71,700, but then failed to stabilize and continued to pull back below 70,000! From the current market situation, the current fluctuation is forming a pattern of alternating small bullish and bearish candles. In terms of price movement, the market is in a weak recovery phase after a deep correction. The 4-hour chart shows it is in a gradual weak decline, and the 1-hour moving average indicators are diverging bearishly, indicating a clearer short-term bearish trend. The outlook remains to maintain a high-positioning strategy!
Trading suggestions: For Bitcoin rebound, short near 69,600-70,300, expecting a decline to 67,300 to 64,800 Mistress rebound near 2,100-2,150, short and look for a decline to 2,000-1,910#当前行情抄底还是观望? $BTC $ETH
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Until Friday evening, after the strong rebound of the Bitcoin "Mistress," it reached a high of around 71,700, but then failed to stabilize and continued to pull back below 70,000! From the current market situation, the current fluctuation is forming a pattern of alternating small bullish and bearish candles. In terms of price movement, the market is in a weak recovery phase after a deep correction. The 4-hour chart shows it is in a gradual weak decline, and the 1-hour moving average indicators are diverging bearishly, indicating a clearer short-term bearish trend. The outlook remains to maintain a high-positioning strategy!
Trading suggestions:
For Bitcoin rebound, short near 69,600-70,300, expecting a decline to
67,300 to 64,800
Mistress rebound near 2,100-2,150, short and look for a decline to 2,000-1,910#当前行情抄底还是观望? $BTC $ETH