This week started with an attempt to continue the upward momentum, but it failed to hold onto the strength.
Yesterday, the 2nd token on the chart showed impressive performance. For a moment, it seemed like it might push out another wave of a false breakout and test the 2000 threshold.
However, the BTC/1st token kept consolidating sideways. With the 2nd token fighting on its own, it was difficult to sustain further gains, and in the end both pulled back and fell.
A breakout requires a resonance from the leading asset. Since the BTC/1st token couldn’t open up upside space, even a strong 2nd token would struggle to go it alone.
The good news is that yesterday’s timing and rhythm were fine—it's just that we didn’t expect the shorts to be this strong.
This morning, the BTC/1st token directly broke below the key level at 63800. The 2nd token followed with a pullback. Market sentiment weakened, and throughout the day the price action remained in a tight range with ongoing narrow fluctuations.
In the evening, the key thing to watch is the resistance levels: 63800 / 1900.
$BTC #比特币自亚洲盘低点回升
Yesterday, the 2nd token on the chart showed impressive performance. For a moment, it seemed like it might push out another wave of a false breakout and test the 2000 threshold.
However, the BTC/1st token kept consolidating sideways. With the 2nd token fighting on its own, it was difficult to sustain further gains, and in the end both pulled back and fell.
A breakout requires a resonance from the leading asset. Since the BTC/1st token couldn’t open up upside space, even a strong 2nd token would struggle to go it alone.
The good news is that yesterday’s timing and rhythm were fine—it's just that we didn’t expect the shorts to be this strong.
This morning, the BTC/1st token directly broke below the key level at 63800. The 2nd token followed with a pullback. Market sentiment weakened, and throughout the day the price action remained in a tight range with ongoing narrow fluctuations.
In the evening, the key thing to watch is the resistance levels: 63800 / 1900.
$BTC #比特币自亚洲盘低点回升