Without positive news, it’s hard to stop the decline. Miner sell-offs caused a sharp drop to 59,800 this morning, signaling a bottom with the large dip. A rebound is expected.
Trading suggestions: - Break above 67,000 with volume and go long on the right side; if it stabilizes above 67,000, look for 72,000-78,000. - If volume breaks below 64,000 and rebounds without reclaiming, go short on the right side; if the 4-hour chart breaks below 63,100, look for 61,000-62,000, with stop-losses in place. $BTC $ETH #当前行情抄底还是观望?
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February 6th, Midday Bitcoin Public Outlook
Without positive news, it’s hard to stop the decline. Miner sell-offs caused a sharp drop to 59,800 this morning, signaling a bottom with the large dip. A rebound is expected.
Trading suggestions:
- Break above 67,000 with volume and go long on the right side; if it stabilizes above 67,000, look for 72,000-78,000.
- If volume breaks below 64,000 and rebounds without reclaiming, go short on the right side; if the 4-hour chart breaks below 63,100, look for 61,000-62,000, with stop-losses in place. $BTC $ETH #当前行情抄底还是观望?