Bitcoin early morning analysis



From the chart perspective, Bitcoin surged to 71940 and then pulled back. Currently, the price is under pressure below the MA7 and the middle band of the Bollinger Bands, with short-term bullish momentum weakening.

The moving averages have turned downward, the MACD death cross is diverging, and volume is gradually increasing with the decline, indicating that the rebound strength is relatively weak.

Considering the current cautious macro sentiment, early morning trading is likely to weaken. It is recommended to follow the trend and go short. Watch for resistance at 71600-71800 above, and support at 71000-70800 below.

Trading suggestion: Short near 71800, target 70000-68000.
BTC2,66%
GT0,97%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin