Based on the 4-hour chart of Bitcoin, the price has been steadily declining from a high level, with a clear overall downtrend. Recently, the candlesticks are mostly bearish, although there have been multiple long lower shadows, indicating that some funds are attempting to support the price below, but the buying strength is weak and unable to reverse the trend.



During the early morning, there was some support around 68150-68500, but the rebound was weak, more like a breath during a decline, and the bearish structure still dominates.

In terms of trading strategy, there's only one rule: a rebound is an opportunity.

Recommend watching the 69000-69700 range for short positions, with a target of 66500. Set a proper stop-loss and avoid stubbornly holding on. #加密市场回调 $BTC $ETH
BTC-2,74%
ETH-1,96%
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
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
TraderLiWeivip
· 2h ago
Good luck and best wishes 🧧
View OriginalReply0
TraderLiWeivip
· 2h ago
Make a fortune in the Year of the Horse 🐴
View OriginalReply0
  • Pin