On the four-hour timeframe, the market has formed a consolidation and decline pattern. The upper resistance is clearly visible, while the lower support zone continues to narrow, approaching a critical breakdown point. The price has tested the support multiple times, but buying momentum is weak, and the rebound space is very limited. The medium-term downtrend has been established. If the support is effectively broken, it will open up a new round of downward movement. Until the price can break above the strong resistance level above, the trend should remain in line with the current momentum.



Morning Bitcoin trading strategy: Short around 67,800-67,200, targeting 65,000. Ethereum can be shorted directly at 2020-2050, with a target of 1880.
BTC-0,58%
View Original
post-image
post-image
post-image
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