[BTC Analysis] #BTC走势分析 Short-term BTC Support and Trading Strategy
① BTC has been under pressure from the daily MA200, repeatedly testing the MA200 line without breaking through, leading to further declines. The MA200 is often regarded as the lifeline of BTC's major trend, also known as the bull-bear dividing line.
② Currently, the first support level for BTC on the downside is around 76500. Above this price, you can try to go long and wait for a rebound, with a stop-loss set 100-200 below 76500. The stop-loss is quite tight, and the risk-reward ratio looks decent.
③ If the price breaks below 76500, the second support level is around 74900, which is also near the daily MA60. Here, you can continue to try going long, but a break below 76500 likely means that the big rebound for Q2 may also be over, unless some positive news drives the US stock market, which could help Bitcoin to continue its rebound and potentially hit the ideal target of 90k.
$BTC
① BTC has been under pressure from the daily MA200, repeatedly testing the MA200 line without breaking through, leading to further declines. The MA200 is often regarded as the lifeline of BTC's major trend, also known as the bull-bear dividing line.
② Currently, the first support level for BTC on the downside is around 76500. Above this price, you can try to go long and wait for a rebound, with a stop-loss set 100-200 below 76500. The stop-loss is quite tight, and the risk-reward ratio looks decent.
③ If the price breaks below 76500, the second support level is around 74900, which is also near the daily MA60. Here, you can continue to try going long, but a break below 76500 likely means that the big rebound for Q2 may also be over, unless some positive news drives the US stock market, which could help Bitcoin to continue its rebound and potentially hit the ideal target of 90k.
$BTC