Lack of upward momentum, the retreat is also within expectations.

CN
1 year ago

It's already the 4th, and half of the holiday has passed. After Bitcoin experienced a high and then fell back at the beginning of the week, it is currently undergoing a brief consolidation. Yesterday, it mostly maintained small range fluctuations, with the price fluctuating around the 27600-27200 range. The brief high did not continue, and the market ultimately moved downwards. Yesterday, the bearish view was maintained, and there is still some downward space. A short-term oscillating downward trend has formed, so the bearish view is still maintained in terms of operation.

The pressure above the daily line is still quite obvious, with 28500 always serving as a strong resistance level. After touching this level, the price quickly fell under pressure. It is clear that breaking through this level still requires some momentum. The 27200 area in the short term also serves as a short-term support level, showing some resistance to falling in this market. However, from the overall trend of the daily line, the upward momentum is weak and the bearish trend continues. Breaking through the short-term support is only a matter of time. Therefore, in the short term, it is still advisable to continue with a bearish approach and observe the breakthrough of the support below.

In terms of future Bitcoin operations, it is recommended to short the rebound in the 27500-27800 range, with a target focus on the 26800-26000 area.

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返10%, 赢6200USDT大礼包
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