From the daily chart perspective, Bitcoin has been closing lower for several consecutive days. Currently, the price has broken below the previous key consolidation zone, testing the support strength in the 66,000-66,500 region. The candlesticks are far from the short-term moving averages, with a large divergence, indicating a need for technical correction. However, the MACD has formed a death cross and is diverging downward, with the green histogram bars continuing to expand, suggesting that the daily adjustment is still ongoing. Over the weekend, trading volume has decreased, and the market is likely to remain in a low-range consolidation. On the four-hour chart, after breaking below the key resistance at the 120-day moving average, the price continued to decline. The Bollinger Bands are gradually narrowing and trending downward, indicating a strong bearish tone. In the short term, a breakdown below the 66,000-66,500 range should be monitored, and as the range shifts lower, attention should be paid to the resistance at 67,500. For now, on Sunday, maintain a sideways outlook and wait for Monday to confirm the direction.



Bitcoin rebounds to 67,500-67,800 for a short-term sell, watching around 66,500. Altcoins rebound near 1,970 for a short sell, watching around 1,920. #加密市场小幅下跌 $BTC $ETH
BTC-0.41%
ETH-0.9%
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
0/400
No comments
  • Pin