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

BTC-1,63%
View Original
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
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)