Analysis of Bitcoin on the morning of the 16th



Last night, Bitcoin surged to around 97,000 but faced resistance and retreated to the target level of 95,000. The bullish momentum has clearly begun to weaken, and the bearish force is currently dominant in the short term.
However, the resistance above is strong, and the support below is equally solid, with no obvious bullish or bearish signals in the short term.
Today, the overall suggestion is to short on rebounds, waiting patiently for the market to give clear signals.

Bitcoin suggestion:
Short near 96,500-97,500 on rebound
Target around 94,000-93,000
$BTC #今日你看涨还是看跌? $ETH #美联储降息 $GUSD #ETH走势分析
BTC-0,47%
ETH-0,41%
GUSD0,01%
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
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt