Bitcoin surged to 70,557 yesterday but faced resistance and pulled back. The current price has broken below the MA7 and is approaching the MA30 support level. The short-term moving averages are turning downward, and bullish momentum is clearly weakening. The KD indicator shows K at 36.4 and D at 48.5, in a bearish crossover zone, indicating short-term bears are in control. If the price effectively breaks below the MA30, the next target could be around 69,000. In terms of strategy, it is recommended to focus on short positions with caution when considering bottom fishing.
Trading suggestion: Short in the 70,500-71,000 range, with a target of 68,000-68,500. #BTC #加密市场反弹
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2.15 Morning Market Analysis
Bitcoin surged to 70,557 yesterday but faced resistance and pulled back. The current price has broken below the MA7 and is approaching the MA30 support level. The short-term moving averages are turning downward, and bullish momentum is clearly weakening. The KD indicator shows K at 36.4 and D at 48.5, in a bearish crossover zone, indicating short-term bears are in control. If the price effectively breaks below the MA30, the next target could be around 69,000. In terms of strategy, it is recommended to focus on short positions with caution when considering bottom fishing.
Trading suggestion: Short in the 70,500-71,000 range, with a target of 68,000-68,500. #BTC #加密市场反弹