2.20 Morning Bitcoin Brief: BTC hits bottom, rebounds once, and the high point slightly moves lower.
Yesterday afternoon, Bitcoin declined from around 67,300, and after the US stock market opened, it briefly fell to 65,600;
Unfortunately, the US stock market was very weak during the midnight session; worried about BTC's potential decline in tandem, we exited early!
Now, let's review and analyze why a short-term bottom buy below 66,000 could be feasible.
On the hourly chart, as long as BTC price stays above 66,000, it is already approaching the mid-term rebound from the lows set two weeks ago;
The retracement at the 65,000 level on the 13th is also an important support level.
The current trend continues to resemble recent patterns: "recovery during the day, weakness in the evening." With this wave of rebound, the support at 66,000 remains relatively stable.
The resistance levels above on the 120-minute and 4-hour charts are 67,800–68,800. Overall, today's strategy suggests a clear range.
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huangjinshizi
· 10h ago
Brother Jiang, do you have the subscription points?
2.20 Morning Bitcoin Brief: BTC hits bottom, rebounds once, and the high point slightly moves lower.
Yesterday afternoon, Bitcoin declined from around 67,300, and after the US stock market opened, it briefly fell to 65,600;
Unfortunately, the US stock market was very weak during the midnight session; worried about BTC's potential decline in tandem, we exited early!
Now, let's review and analyze why a short-term bottom buy below 66,000 could be feasible.
On the hourly chart, as long as BTC price stays above 66,000, it is already approaching the mid-term rebound from the lows set two weeks ago;
The retracement at the 65,000 level on the 13th is also an important support level.
The current trend continues to resemble recent patterns: "recovery during the day, weakness in the evening." With this wave of rebound, the support at 66,000 remains relatively stable.
The resistance levels above on the 120-minute and 4-hour charts are 67,800–68,800. Overall, today's strategy suggests a clear range.