Jiang Wei Analysis: Bitcoin surges and then retreats, are the bears making a comeback?

CN
6 hours ago

There is a kind of rise called watching others rise, a kind of fall called entering and then falling, a kind of market called being fully invested and missing out, an experience called being trapped in a bull market, a story called not buying while it keeps rising, and a fact called buying and then it stops rising. What others buy, what you just sold, what you want to buy but didn’t, and what you wanted to buy but couldn’t, these are all the best market conditions, yet they become the biggest regrets.

Bitcoin tested 98 without breaking the high, continuing to decline. After a two-day repair phase over the weekend, the price returned to below the previous range, indicating that there is still a struggle between bulls and bears. After the daily level peaked, the candlestick formed an upper shadow, followed by two bearish candles, creating a small "door" pattern. If it continues to decline tonight, the price will test the support level at the middle track of 918. The MACD indicator shows that the energy is starting to weaken, and the fast and slow lines are about to form a death cross, indicating a signal for further decline. Therefore, continue to look bearish tonight.

For Bitcoin, the reference idea is to look for a bearish opportunity in the rebound range of 95200-95500, targeting the 93000-92000 range. The points are for reference only.

Follow the public account, the only way to relieve worries is through Jiang Wei.

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Bitget:注册返10%, 送$100
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