BTC will continue its downward trend
Updated
Yesterday, the price fell below 64,000, and the lowest point fell to around 63,400. It is currently in a rebound phase. From the daily chart, the price has fallen below the 50-day moving average, and the 10-day moving average has crossed the 20-day moving average to form a dead cross, which is an obvious bearish trend. As the trend line I drew in the figure, the price rose to the trend line and then turned down. The current price is still a standard downward trend. Therefore, the safest trading strategy is to wait for the price to rebound to the position where the upper trend line and the resistance range overlap and short.
Trading suggestions: At present, you can pay attention to the 64,900-65,300 resistance range. If the price rebounds to this range and encounters resistance, you can sell it. The target is 64,000-63,700
The above suggestions are for reference only. I will update the market analysis in my guidance group at any time
Trading suggestions: At present, you can pay attention to the 64,900-65,300 resistance range. If the price rebounds to this range and encounters resistance, you can sell it. The target is 64,000-63,700
The above suggestions are for reference only. I will update the market analysis in my guidance group at any time
Note
The price is gradually approaching the downward trend line, and it is likely to rebound to the trend line and then start to fall.
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