Yesterday, support was maintained near 69K, which is the first rebound from the 76K decline. Currently, the rebound strength is weak, with rebounds expected at 71K-72K before continuing downward.
The blue support line below - if touched again, there are concerns it may not hold. This trend line (69K) has been tested 4 times previously; the more times it's tested, the weaker the support becomes.
If 69K breaks, watch for 66K and 63K below. If 69K breaks, it can basically be confirmed that 96K was the top of this decline structure.
Aggressive short consideration: 71K-71.5K, Conservative short consideration: around 73-74K. Long positions only considered at 66K with stop loss.
If 69K holds support, there's a possibility of reaching a higher high above before breaking below 60K.
If 69K fails to hold, watch for 66K support, rebound to 69K, then break below 60K$BTC #加密行情震荡
Yesterday, support was maintained near 69K, which is the first rebound from the 76K decline. Currently, the rebound strength is weak, with rebounds expected at 71K-72K before continuing downward.
The blue support line below - if touched again, there are concerns it may not hold. This trend line (69K) has been tested 4 times previously; the more times it's tested, the weaker the support becomes.
If 69K breaks, watch for 66K and 63K below. If 69K breaks, it can basically be confirmed that 96K was the top of this decline structure.
Aggressive short consideration: 71K-71.5K, Conservative short consideration: around 73-74K. Long positions only considered at 66K with stop loss.
If 69K holds support, there's a possibility of reaching a higher high above before breaking below 60K.
If 69K fails to hold, watch for 66K support, rebound to 69K, then break below 60K$BTC #加密行情震荡