Bitcoin BTC has not experienced significant changes in its major structure over the past three days. Before the price recovers the 71990~75180 zone, the main pending orders are reserved around 62460 as the core.
From the 1H and lower timeframes, after a rebound from oversold conditions, the price has entered a phase of local downward correction. The intraday pattern shows a decline followed by a rise, so patience is needed to wait for a correction before taking action.
For other structural analysis, positional relationships, and detailed structure, please refer to articles 8~11.
Short-term support: 65210~64646 (monitor and trade), Second support: 63030~60750 (monitor and trade),
Current resistance is around this area. The bearish divergence point for upward selling pressure is at 71377~72246, with secondary resistance at 74434~76202.
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.
Bitcoin BTC has not experienced significant changes in its major structure over the past three days. Before the price recovers the 71990~75180 zone, the main pending orders are reserved around 62460 as the core.
From the 1H and lower timeframes, after a rebound from oversold conditions, the price has entered a phase of local downward correction. The intraday pattern shows a decline followed by a rise, so patience is needed to wait for a correction before taking action.
For other structural analysis, positional relationships, and detailed structure, please refer to articles 8~11.
Short-term support: 65210~64646 (monitor and trade),
Second support: 63030~60750 (monitor and trade),
Current resistance is around this area. The bearish divergence point for upward selling pressure is at 71377~72246, with secondary resistance at 74434~76202.
Non-current zone long-term pending orders reference:
Mid-term support: 58648~57154, long-term support: 55030~52893