9.22 Tuesday
Bitcoin surged strongly overnight, rebounding to around the 87400 mark, and then followed by a certain level of pullback. This upswing is completely within our expectations. All of the big guys took profit and exited.
Back to the intraday session, on the larger timeframe, I see the weekly chart forming a double-top pattern. If it cannot continue to break through and hold above, there will likely be some pressure and testing. In the short term, I think there will be a pullback. Earlier this intraday, I also said that this retracement is an opportunity for the bears to “escape their bottoms.” If you can get back to break-even, get out quickly.
On the hourly timeframe, price is currently hovering in a tug-of-war around the midline. If it breaks down, the downside could extend toward around 835. During the intraday Asian and European sessions, we can short in batches around the 85900–86300 zone above, with targets around 83800, near #比特币突破8.5万美元 $BTC #BTC☀
Bitcoin surged strongly overnight, rebounding to around the 87400 mark, and then followed by a certain level of pullback. This upswing is completely within our expectations. All of the big guys took profit and exited.
Back to the intraday session, on the larger timeframe, I see the weekly chart forming a double-top pattern. If it cannot continue to break through and hold above, there will likely be some pressure and testing. In the short term, I think there will be a pullback. Earlier this intraday, I also said that this retracement is an opportunity for the bears to “escape their bottoms.” If you can get back to break-even, get out quickly.
On the hourly timeframe, price is currently hovering in a tug-of-war around the midline. If it breaks down, the downside could extend toward around 835. During the intraday Asian and European sessions, we can short in batches around the 85900–86300 zone above, with targets around 83800, near #比特币突破8.5万美元 $BTC #BTC☀
