#BTC走势分析
Today's outlook (11.6)
1. Key support zone for BTC: 75,000–75,300. This is the bulls' last line of defense. If BTC breaks below it on high volume, it will continue testing lower levels;
2. BTC's second key support zone: 70,000–72,000. This is the medium-term dividing line between bulls and bears. If BTC breaks below it on high volume, it will most likely make another sharp move down toward the previous lows;
3. Short-term invalidation condition for BTC short positions: If BTC rebounds above 79,000 and stays there for at least three 4-hour candles, short-term short positions should be reduced or closed.
Note: U.S. stocks plunged yesterday. BTC may seem resilient, but in fact it fell before U.S. stocks did. At current levels, this is simply the bulls' last short-term line of defense. If U.S. stocks fall further today and BTC breaks below 75,000, a catch-up drop will follow. Volatility has increased recently, and gloom is widespread across the community. Everyone, please manage your risk.
Today's outlook (11.6)
1. Key support zone for BTC: 75,000–75,300. This is the bulls' last line of defense. If BTC breaks below it on high volume, it will continue testing lower levels;
2. BTC's second key support zone: 70,000–72,000. This is the medium-term dividing line between bulls and bears. If BTC breaks below it on high volume, it will most likely make another sharp move down toward the previous lows;
3. Short-term invalidation condition for BTC short positions: If BTC rebounds above 79,000 and stays there for at least three 4-hour candles, short-term short positions should be reduced or closed.
Note: U.S. stocks plunged yesterday. BTC may seem resilient, but in fact it fell before U.S. stocks did. At current levels, this is simply the bulls' last short-term line of defense. If U.S. stocks fall further today and BTC breaks below 75,000, a catch-up drop will follow. Volatility has increased recently, and gloom is widespread across the community. Everyone, please manage your risk.