Monday showed strength for one day, but weakened consecutively these past two days due to interest rate announcements. Intraday briefly surged above 71, then started hovering around 70. Tonight, observe whether the 70 level can break with a solid body. If it breaks, continue watching upside after the move completes. At this position, short-term can attempt to test upside with one position. Currently near the daily moving average, the overall direction still looks bullish.
For long-term support, we hold the chips and leave them aside, focusing on short-term trading during this period. Technically, currently positioned at a point of divergence. Looking at the larger timeframe, the bullish structure remains intact, unless there's a solid break below 68. If 70 holds tonight, there will be chances for a rebound. Waiting for the evening US session to provide direction.
BTC Trading Suggestions: Around 70200, target upside #加密行情震荡
Monday showed strength for one day, but weakened consecutively these past two days due to interest rate announcements. Intraday briefly surged above 71, then started hovering around 70. Tonight, observe whether the 70 level can break with a solid body. If it breaks, continue watching upside after the move completes. At this position, short-term can attempt to test upside with one position. Currently near the daily moving average, the overall direction still looks bullish.
For long-term support, we hold the chips and leave them aside, focusing on short-term trading during this period. Technically, currently positioned at a point of divergence. Looking at the larger timeframe, the bullish structure remains intact, unless there's a solid break below 68. If 70 holds tonight, there will be chances for a rebound. Waiting for the evening US session to provide direction.
BTC Trading Suggestions: Around 70200, target upside #加密行情震荡