#周末行情分析 Weekend Bitcoin price increases lack sufficient reason; declines have sufficient rationale and are not necessary!
Daily timeframe: Coin price rallied then reversed, liquidating long positions and replaying the script from around 1.15. In terms of pattern, yesterday's upper wick approached the 74,000 area where a double top has formed. Currently, the 70,000 round number level has become a key node. A break below this level will send coin price back into a downward-biased oscillation pattern.
Overall, buying action requires focusing on the gain/loss of the 70,000 round number level. Selling on rallies should be put on the agenda!!
Upside: Preliminary resistance focus on 72,000 round number level; further resistance focus on Bollinger Band upper band near 73,480
Downside: Preliminary support focus on Bollinger Band middle band near 68,535; further support focus on Bollinger Band lower band near 63,591.
#周末行情分析 Weekend Bitcoin price increases lack sufficient reason; declines have sufficient rationale and are not necessary!
Daily timeframe: Coin price rallied then reversed, liquidating long positions and replaying the script from around 1.15. In terms of pattern, yesterday's upper wick approached the 74,000 area where a double top has formed. Currently, the 70,000 round number level has become a key node. A break below this level will send coin price back into a downward-biased oscillation pattern.
Overall, buying action requires focusing on the gain/loss of the 70,000 round number level. Selling on rallies should be put on the agenda!!
Upside: Preliminary resistance focus on 72,000 round number level; further resistance focus on Bollinger Band upper band near 73,480
Downside: Preliminary support focus on Bollinger Band middle band near 68,535; further support focus on Bollinger Band lower band near 63,591.