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Cilantro Talks Crypto
Crypto Newbie
5h ago
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BTC Analysis: This round of decline has been very smooth, with very weak rebounds. After forming a triangle pattern, it accelerated its decline again due to news. Short positions didn't reach the expected levels, resulting in missed opportunities. From the current chart pattern, there are no signs of a bottom yet, and it's highly likely to head directly to around 65,000, which is near the first strong support level and also the low point I predicted for this decline. If this level fails to hold, there could be further acceleration in the decline. Therefore, pay attention to the support level in the 65,000-63,000 range. Today's price action is not expected to be very strong. If a small rebound occurs, consider entering a short position, expecting the price above 70,000. Watch the minor resistance line above; if an opportunity arises, enter a short position; otherwise, continue to observe.
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BTC
-0.4%
Risk and Disclaimer:The content shared by the author represents only their personal views and does not reflect the position of CoinWorldNet (币界网). CoinWorldNet does not guarantee the truthfulness, accuracy, or originality of the content. This article does not constitute an offer, solicitation, invitation, recommendation, or advice to buy or sell any investment products or make any investment decisions
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