Bitcoin was trading around 75,200 yesterday morning. Overnight, it was wicked down to around 74,900, but quickly reclaimed that level.
It didn’t reach 77,000. The current price is around 75,900, with the market mostly moving sideways for the day.
For the short term, 76,400 is the first level to watch above, right around last night’s rebound high.
Below, 75,200 remains the level to watch. After dipping below and reclaiming it, that level is back to acting as short-term support.
For the medium term, 79,900 remains resistance to the upside.
To the downside, medium-term support is now at 74,900, around last night’s new low.
I’m inclined to see this as sideways consolidation after the sell-off.
Holding above 75,200 would leave room to test 76,400. If price falls back below 74,900, we’ll need to reassess the medium-term support below.
$BTC
#比特币 #MarketAnalysis
It didn’t reach 77,000. The current price is around 75,900, with the market mostly moving sideways for the day.
For the short term, 76,400 is the first level to watch above, right around last night’s rebound high.
Below, 75,200 remains the level to watch. After dipping below and reclaiming it, that level is back to acting as short-term support.
For the medium term, 79,900 remains resistance to the upside.
To the downside, medium-term support is now at 74,900, around last night’s new low.
I’m inclined to see this as sideways consolidation after the sell-off.
Holding above 75,200 would leave room to test 76,400. If price falls back below 74,900, we’ll need to reassess the medium-term support below.
$BTC
#比特币 #MarketAnalysis
