Pray for Israel 🇮🇱
Bitcoin is consolidating around $28,000, and big funds must intervene!
According to analysis, BTC appears to be struggling to break above key resistance areas. Amid the backdrop of geopolitical uncertainty, Bitcoin remained under pressure at $28,000 at the end of the weekend on October 8.
Analysis by Bloomberg Intelligence Senior Macro Strategist Mike McGlone After the Israeli conflict escalated, Bitcoin showed a risk-off tendency. His personal view is that the downward sloping 100-week moving average is likely to win the battle against the upward-trending 50-week moving average, and the surge in crude oil is another factor in liquidity pressures.
Trader Daan Crypto Trades warned short traders to be cautious. He cautioned investors not to rush into short trades on Bitcoin, especially near the key $28,000 level. He highlighted the importance of this level and the fact that the daily and weekly 200-day moving averages are also at this level, which could act as a support point for the price.
#注意资金安全 #BTC $BTC
Bitcoin is consolidating around $28,000, and big funds must intervene!
According to analysis, BTC appears to be struggling to break above key resistance areas. Amid the backdrop of geopolitical uncertainty, Bitcoin remained under pressure at $28,000 at the end of the weekend on October 8.
Analysis by Bloomberg Intelligence Senior Macro Strategist Mike McGlone After the Israeli conflict escalated, Bitcoin showed a risk-off tendency. His personal view is that the downward sloping 100-week moving average is likely to win the battle against the upward-trending 50-week moving average, and the surge in crude oil is another factor in liquidity pressures.
Trader Daan Crypto Trades warned short traders to be cautious. He cautioned investors not to rush into short trades on Bitcoin, especially near the key $28,000 level. He highlighted the importance of this level and the fact that the daily and weekly 200-day moving averages are also at this level, which could act as a support point for the price.
#注意资金安全 #BTC $BTC