Bitcoin’s strong support is still in the 26500-band, which has been repeatedly confirmed by short sellers. If it falls below effectively, panic may appear. Judging from the opening of US stocks on Monday, it may be even worse. Although there is no interest rate hike in June The probability is already extremely high, but after the opening of the market, there is new news about the debt ceiling, and the risk market is likely to usher in some opportunities. Therefore, in the first half of the week, we will pay attention to whether Bitcoin can regain the important pressure level of 27,500. If it stands back, the short-term short-term trend is likely to ease. If it fails, it may continue the downward trend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.