Bitcoin trading volume has dropped noticeably over the weekend. The current price is around 75,800, and it has barely moved over the past day.
Yesterday's level of 76,400 never came into reach; the high stalled at around 76,250. The 75,200 level below hasn't been tested again either.
For the short term, 76,250 is the first level to watch above—the weekend high.
Below, keep an eye on 75,200; holding there would suggest the price is still within this narrow range.
For the medium term, 79,900 remains resistance above.
The medium-term floor below is still 74,900.
This looks more like low-volume trading on Sunday as the market waits to open.
A high-volume move above 76,250 would open things up in the short term; if 75,200 gives way, the price could turn back toward 74,900.
$BTC
#比特币 #MarketAnalysis
Yesterday's level of 76,400 never came into reach; the high stalled at around 76,250. The 75,200 level below hasn't been tested again either.
For the short term, 76,250 is the first level to watch above—the weekend high.
Below, keep an eye on 75,200; holding there would suggest the price is still within this narrow range.
For the medium term, 79,900 remains resistance above.
The medium-term floor below is still 74,900.
This looks more like low-volume trading on Sunday as the market waits to open.
A high-volume move above 76,250 would open things up in the short term; if 75,200 gives way, the price could turn back toward 74,900.
$BTC
#比特币 #MarketAnalysis
