Currently, Bitcoin's chart shows a slight rebound in recent sessions, which is merely a recovery from the weak sentiment after a sharp decline and not a trend reversal signal. The overall pattern displays a typical downward continuation with long shadows and short bodies, indicating that the core bearish momentum has not yet been fully released. Downward pressure remains in the future.
Bitcoin: Range between 65,300-65,800, with a downside target near 63,000#Gate1月透明度报告 $BTC
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.
2.6 Midday Thoughts
Currently, Bitcoin's chart shows a slight rebound in recent sessions, which is merely a recovery from the weak sentiment after a sharp decline and not a trend reversal signal. The overall pattern displays a typical downward continuation with long shadows and short bodies, indicating that the core bearish momentum has not yet been fully released. Downward pressure remains in the future.
Bitcoin: Range between 65,300-65,800, with a downside target near 63,000#Gate1月透明度报告 $BTC