BTC will continue its downward trend
Updated
After yesterday's price fell, it rebounded again, but the price is still in the downward channel. The overall trend is still downward. The safest trading idea is to sell when the price rebounds to the upper resistance level. If the price breaks through 65700, the price may continue to rise in the short term. At present, you can focus on 65000-65700. If the price shows a downward signal below 65700, you can sell, with a target of 64000-64300
The above trading suggestions are for reference only. I will update the market analysis in my guidance group at any time
The above trading suggestions are for reference only. I will update the market analysis in my guidance group at any time
Note
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 in 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
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.
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