This week's market is really tough to trade $BTC
BTC's key resistance level is still around 62000,
and below that, there are layers of support.
The first support is the newly formed low,
the second support is around 60500.
If it breaks down further, we’ll be testing last week's low.
Although the overall trend is bearish,
these lower levels clearly show capital support.
Last weekend, as everyone saw,
the market was pulled back up after two consecutive dips.
So the core contradiction in the market moving forward is simple:
If support holds, there’s a chance for a rebound.
If support fails, the bears will strike hard again.
Therefore, the toughest part this week
isn't whether to go long or short,
but the fierce battle between bulls and bears near the key support level.
#美伊军队交火霍尔木兹和谈受阻
BTC's key resistance level is still around 62000,
and below that, there are layers of support.
The first support is the newly formed low,
the second support is around 60500.
If it breaks down further, we’ll be testing last week's low.
Although the overall trend is bearish,
these lower levels clearly show capital support.
Last weekend, as everyone saw,
the market was pulled back up after two consecutive dips.
So the core contradiction in the market moving forward is simple:
If support holds, there’s a chance for a rebound.
If support fails, the bears will strike hard again.
Therefore, the toughest part this week
isn't whether to go long or short,
but the fierce battle between bulls and bears near the key support level.
#美伊军队交火霍尔木兹和谈受阻