BTC may rise and then fall
Updated
Yesterday I said that the price will continue to rise after breaking through 66,000, but from the daily chart, the general trend of BTC is still downward. The price is currently in a rebound and rising stage. It is expected that it may encounter resistance and fall again when it rises to the resistance area below 67,300. Pay attention to the upper resistance range for buying long orders.
Trading suggestion: If the price rises to the 66,700-672,300 range and encounters strong resistance, you can sell it, and the target is 65,300-65,700
The above trading suggestions are for reference only. I will update the market analysis in my guidance group at any time
Trading suggestion: If the price rises to the 66,700-672,300 range and encounters strong resistance, you can sell it, and the target is 65,300-65,700
The above trading suggestions are for reference only. I will update the market analysis in my guidance group at any time
Note
Currently, the price increase is facing great resistance. If the price falls below 65800 and then rebounds but does not break 66100, the price will continue to fall. You can sell in the range of 65800-66100, with a target of 65000-65300.
Note
64400-64800 is a densely traded range. If the price falls, it may rebound to this range. If the price rebounds in this range, you can buy, with a target of 65500-65800
Note
The current price has rebounded in the 64400-64800 range I predicted. Next, we will wait and see whether the price can reach the target price I predicted.
Note
Today, BTC fell below 64,000. As I drew the downward trend line, the price will continue to fall along the downward trend line in the short term. Our main trading idea is to sell when the price rebounds to the upper resistance range, and be cautious when buying at the bottom. The rebound after yesterday's decline was not strong enough, so no long orders were opened. Today, we still need to capture safe profit opportunities based on market dynamics.
Trading suggestions: If the price rebounds to the 65,900-65,400 range and encounters strong resistance, you can sell, with a target of 63,500-64,000
The above trading suggestions are for reference only. I will update the market analysis in my guidance group at any time
Note
There is currently a large resistance above 63300, and the price may rebound. Aggressive investors can buy at the current price, with a target of 64800-65000
Note
The price is still rising, and it will take time to reach 64500
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