Bitcoin is currently in a clearly bearish short-term trend. The 4-hour and 1-hour moving average systems continue to diverge in a bearish manner, and the 15-minute short-term cycle is also under pressure. At the same time, there is a combination of pressure from both the funding and sentiment sides, including seven consecutive days of outflows from ETFs, a sharp drop of 80% in the trading volume of cash funds and long contracts being passively liquidated on a large scale during the price decline.
From a trading perspective, Bitcoin is likely to trade in a "weak oscillation + rebound under pressure" pattern in the short term. Any upward movement to test above $76,000 can be seen as a shorting opportunity, while the $74,000-$74,500 area is a key psychological defense line that the bulls may defend.
First support: $74,500 - $74,800
Resistance: $76,200 - $76,800
Consider a small long position if the price reaches $74,000-$74,500.
Short positions can be considered if the price rebounds to $75,500-$75,800.
Currently, the price is in a psychological vacuum between bulls and bears in the $75,000-$75,500 range. The upside and downside potential in this area is limited, and the direction is highly uncertain. Short-term traders are advised to remain on the sidelines and wait for the price to enter the $74,000-$74,500 buying zone or the $75,500-$75,800 selling zone before taking action.
From a trading perspective, Bitcoin is likely to trade in a "weak oscillation + rebound under pressure" pattern in the short term. Any upward movement to test above $76,000 can be seen as a shorting opportunity, while the $74,000-$74,500 area is a key psychological defense line that the bulls may defend.
First support: $74,500 - $74,800
Resistance: $76,200 - $76,800
Consider a small long position if the price reaches $74,000-$74,500.
Short positions can be considered if the price rebounds to $75,500-$75,800.
Currently, the price is in a psychological vacuum between bulls and bears in the $75,000-$75,500 range. The upside and downside potential in this area is limited, and the direction is highly uncertain. Short-term traders are advised to remain on the sidelines and wait for the price to enter the $74,000-$74,500 buying zone or the $75,500-$75,800 selling zone before taking action.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.