Bitcoin is currently in a bear market consolidation and decline phase. The macro environment is under dual pressure from the escalation of the US-Iran war and the Federal Reserve's decision not to cut interest rates. Technically, the weekly trend line has broken down and not recovered, while the daily MACD is shrinking and closing higher, indicating a generally bearish pattern. In terms of trading strategy, yesterday's short position (69,200) successfully gained approximately 2,000 points; the current focus is on going long around 63,900 (double harmonic resonance golden pit), as well as shorting within the 71,200 to 75,000 range in segments. On a larger scale, it is recommended to steadily accumulate spot longs in the 56,000 to 57,000 range, patiently awaiting the market rebound after the bear market bottoming out in June to July.

BTC-1,56%
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
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)