8.10 Monday $BTC Market Analysis
After getting through the weekend’s boring sideways consolidation, will this new week’s BTC keep breaking out?
Big-picture backdrop: This rally is a repair rebound after the big drop from 57,750. Overall, it is still a weak rebound structure and hasn’t yet exited a reversal trend.
The last-minute Iran–US talks were postponed, and the risk-aversion premium cooled off. The price surged to around 65,500 but met resistance and pulled back. In the short term, it is entering a consolidation phase to digest the move. Geopolitical tensions have eased for now, but there’s a lack of bullish momentum. Even after the rebound faces pressure, the possibility of a second dip remains. For now, look for range-bound trading, and patiently wait for a directional breakout.
Trading suggestion: Consider going long near the support zone. Enter longs around 64,500–64,000. Target areas: around 65,500–65,800. @夏夏在带单 #CLARITY法案参议院程序性投票延后
After getting through the weekend’s boring sideways consolidation, will this new week’s BTC keep breaking out?
Big-picture backdrop: This rally is a repair rebound after the big drop from 57,750. Overall, it is still a weak rebound structure and hasn’t yet exited a reversal trend.
The last-minute Iran–US talks were postponed, and the risk-aversion premium cooled off. The price surged to around 65,500 but met resistance and pulled back. In the short term, it is entering a consolidation phase to digest the move. Geopolitical tensions have eased for now, but there’s a lack of bullish momentum. Even after the rebound faces pressure, the possibility of a second dip remains. For now, look for range-bound trading, and patiently wait for a directional breakout.
Trading suggestion: Consider going long near the support zone. Enter longs around 64,500–64,000. Target areas: around 65,500–65,800. @夏夏在带单 #CLARITY法案参议院程序性投票延后