6.9 Bitcoin consolidation nearing its end, 4H golden cross momentum fading, a big drop is on the horizon
Old Bao's Crypto Port No. 379:
On Monday's candlestick, we maintained the idea that the price would rebound to 64k for a potential entry.
This idea has been validated from last night through today. Currently, the overall candlestick structure still favors the bears.
So in the short term, at the 61.8k level, all we need to do is trim our positions and continue waiting for a breakdown or a rebound back to 64k to add positions back.
Tomorrow night's CPI data will be key and could act as a trigger for a new round of declines.
PS:
Long discussions on trends, short discussions on logic; in the trading market, the most expensive thing is trading logic, while entry and exit points are of little consequence;
Daily videos are for reference only and do not constitute trading advice. Thank you for your continued attention and support for Old Bao's Crypto Port.
Old Bao's Crypto Port No. 379:
On Monday's candlestick, we maintained the idea that the price would rebound to 64k for a potential entry.
This idea has been validated from last night through today. Currently, the overall candlestick structure still favors the bears.
So in the short term, at the 61.8k level, all we need to do is trim our positions and continue waiting for a breakdown or a rebound back to 64k to add positions back.
Tomorrow night's CPI data will be key and could act as a trigger for a new round of declines.
PS:
Long discussions on trends, short discussions on logic; in the trading market, the most expensive thing is trading logic, while entry and exit points are of little consequence;
Daily videos are for reference only and do not constitute trading advice. Thank you for your continued attention and support for Old Bao's Crypto Port.