Market Analysis



$BTC faced resistance at the upper boundary of the channel at 79,400, then pulled back, and subsequently formed a double-top pattern, indicating strong sell pressure at 79,400. This is also an important resistance level at the 8w mark. During the live stream, both of these swing highs were also shorted.

At present, Bitcoin has broken below the upward trend line and has retraced to confirm, continuing the down move. Yesterday, it was also added to longs at the bottom. I think this bearish market may continue for now. The current price is pressing against a short-term resistance level. If it continues to fall, pay special attention to support at 73,600. At the same time, also be sure to make preparations and set up alerts for short-position defense. #Strategy吸筹速度超挖矿两倍
BTC1.37%
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Ryakpanda
· 4h ago
Just charge forward 👊
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