Brothers, Bitcoin just broke through 70k, let me share some quick thoughts!
Bitcoin is now at 69,400, it directly broke the 70k level, overall bears are still in control, but with such a big drop, a short-term bounce is definitely coming.
On the daily chart, the trend is weakening, the moving averages are pressing down hard, and 68,000 is providing strong support below. Bounces will first need to reclaim 70,500, if it can't get back there we need to push lower.
On the 4-hour, it's a clear downtrend channel, don't expect too much from bounces, the key level is 70,500. If it breaks 68,500 again,
原文表示