BTC will continue to fall

25 Haz

Yesterday, BTC's lowest point fell to around 58450, a large drop, but today's rebound was also large, with the highest point rebounding to around 61600. At present, the rise has encountered resistance and started to fall back. From the daily chart, BTC is already in an obvious bearish trend. The price has fallen below the 50-day moving average, and the 10-day moving average has crossed the 20-day moving average to form a death cross. Now we need to focus on the 61600 resistance level. If the price cannot effectively break through 61600, it will return to a downward trend again.

Trading suggestion: If the price encounters resistance in the 61000-61600 range, you can sell it, with a target of 59500-60000

The above trading suggestions are for reference only. I will update the market trend analysis in my guidance group at any time

25 Haz

Not

After breaking through the important resistance level of 61600, the price quickly fell below 61600. The rebound force has obviously weakened, and the price is unlikely to reach a new high. Aggressive traders can sell near the price of 61600, and the target is still 59500-60000