Don't fight the trend. First, let's talk about Bitcoin. The 4-hour chart is very clear— the previous high zone around 66,500-66,800 repeatedly faces resistance. The bulls couldn't hold above 66,578, which confirms that the resistance is effective. Following that, a large-volume bearish candle directly broke through the short-term moving averages, with the lowest dip to around 63,433. Currently, the price is fluctuating around 64,800, which is essentially a weak correction after a decline. From a structural perspective: • MA7 has already crossed below MA25
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.
Don't fight the trend. First, let's talk about Bitcoin. The 4-hour chart is very clear— the previous high zone around 66,500-66,800 repeatedly faces resistance. The bulls couldn't hold above 66,578, which confirms that the resistance is effective. Following that, a large-volume bearish candle directly broke through the short-term moving averages, with the lowest dip to around 63,433. Currently, the price is fluctuating around 64,800, which is essentially a weak correction after a decline. From a structural perspective: • MA7 has already crossed below MA25