Today's short-term market analysis

BTC/USDT Today's Market Analysis and Strategy

Short selling strategy:

• Entry point: Consider shorting in the $63,700-64,000 range

• Target point: 62000

• Stop loss: 64600

  

Technical Analysis

• Current price: The current price of BTC is $62,912.7, down about 1.4% in 24 hours.

• Support and Resistance:

  • Support: The key support is around $62,600, below which it could further test the psychological level of $60,000.

  • Resistance: The recent high is around $65,000, which is an important resistance level.

• Moving average analysis: The price is running below MA99 ($63,378), indicating that the market is bearish in the short term. MA7 and MA25 are trending downward, indicating greater downward pressure.

  
  
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