Post
--Bullish
橙子研究院
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【70000 breached! BTC bulls are retreating to the 67000 defense line】
Previously mentioned in the analysis, after the big coin touched the 74000 pressure, operations should lean towards defense, with limited rebound expectations, and it is more reasonable to look for support by pulling back first. The market also aligns with our viewpoint, even breaking the short-term moving average support here at 70000, showing obvious weakness!
We continue to observe from the perspective of the triangular structure. Currently, the big coin is testing the strength of support at the upper edge of the triangle, and the position is around 67000. This remains an important defense line for the bulls.
If the daily closing entity falls back inside the triangle, then the last defense line can only hope for support at the lower edge, which is around 64000, essentially belonging to the existence of the bulls' life and death line.
If it effectively breaks down here, then the probability of a new low will greatly increase, and we can only look for rebound opportunities again around 58000-59000!
#BTC走势分析 $BTC #加密市场回调 $ETH
Previously mentioned in the analysis, after the big coin touched the 74000 pressure, operations should lean towards defense, with limited rebound expectations, and it is more reasonable to look for support by pulling back first. The market also aligns with our viewpoint, even breaking the short-term moving average support here at 70000, showing obvious weakness!
We continue to observe from the perspective of the triangular structure. Currently, the big coin is testing the strength of support at the upper edge of the triangle, and the position is around 67000. This remains an important defense line for the bulls.
If the daily closing entity falls back inside the triangle, then the last defense line can only hope for support at the lower edge, which is around 64000, essentially belonging to the existence of the bulls' life and death line.
If it effectively breaks down here, then the probability of a new low will greatly increase, and we can only look for rebound opportunities again around 58000-59000!
#BTC走势分析 $BTC #加密市场回调 $ETH