A new day begins again. Looking back at Bitcoin's midnight rally, it peaked near 69,500 before facing resistance and pulling back. Currently, it is oscillating around 68,500. During the day, we expect a similar pattern at midnight. On the hourly chart, the price is under pressure at the upper Bollinger Band, with frequent upper shadows, indicating increasingly obvious bearish signals. The MACD golden cross is weakening, and the positive bars are continuously shrinking, suggesting the bearish trend is warming up.



Around 68,800-69,400🈳, watch: 67,800-67,000

Around 20,000-20,50🈳, watch: 19,700-19,40
BTC5.41%
ETH4.31%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments