On Friday, Bitcoin began to fluctuate and decline. Can the 60,000 level hold the last hope for bulls?

CN
2 hours ago

After the most severe violent clash between the United States and Iran in weeks, there has been no sign of progress in ceasefire negotiations. Meanwhile, the Hezbollah supported by Iran rejected the ceasefire agreement in Lebanon reached by the United States on Thursday. The question for Iran is whether Trump can restrain Israel? If he cannot restrain Israel in Lebanon, how can he restrain them in Iran?

Returning to the market situation, it is well known that the BTC price is showing a downward trend, with a slight easing of the decline yesterday, testing around 61 without breaking, and rebounding above 74. The price is expected to show bottom fluctuations in the short term while choosing a direction. The sell-off above yesterday once again won and exited.

On the four-hour level, Bollinger Bands show a downward turning signal, but the MACD bearish volume is decreasing, and there are no strong directional signals for both long and short. However, we still follow the current trend. It is recommended to short in the 63800-64200 area on a rebound, targeting around the 62300 level.

Follow the public account, the only answer to worries is Jiang Wei, an analysis blogger with high emotional value. Trading education is shared for free, bringing stable strength and clear guidance in the anxious trading market. With three rounds of bull and bear experiences and years of trading practical experience, specializing in naked K, trends, Dow theory, Gann, harmonics, Chan theory, wave theory, and other technical analyses, gathering into personal unique insights.

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