#BTC走势分析
Today’s Viewpoint: (11.9)
1. This week is a critical one for BTC and the crypto market to choose a direction. The current range could break either way, so watch market movements closely;
2. BTC closed last week near 74,800, with a low of 73,500. The weekly close was near the lower edge of the large range, indicating overall weakness;
3. I don’t think 73,500 is BTC’s recent low. The area around 72,000 remains a key short-term zone and will very likely be tested this week;
4. The only key focus this week: whether the area around 72,000 breaks down. A high-volume break below it would open up further downside. If price reaches this area and quickly rebounds with a long lower wick, accompanied by a high-volume bullish candle, the market may shift into consolidation or begin a rebound;
5. Reduce all trading activity and mainly stay on the sidelines until the CPI data is released on July 10.
Note: Closely monitor the latest developments in the U.S.–Iran war and the CPI results this week. These two external factors could have a significant impact on short-term market movements.
Today’s Viewpoint: (11.9)
1. This week is a critical one for BTC and the crypto market to choose a direction. The current range could break either way, so watch market movements closely;
2. BTC closed last week near 74,800, with a low of 73,500. The weekly close was near the lower edge of the large range, indicating overall weakness;
3. I don’t think 73,500 is BTC’s recent low. The area around 72,000 remains a key short-term zone and will very likely be tested this week;
4. The only key focus this week: whether the area around 72,000 breaks down. A high-volume break below it would open up further downside. If price reaches this area and quickly rebounds with a long lower wick, accompanied by a high-volume bullish candle, the market may shift into consolidation or begin a rebound;
5. Reduce all trading activity and mainly stay on the sidelines until the CPI data is released on July 10.
Note: Closely monitor the latest developments in the U.S.–Iran war and the CPI results this week. These two external factors could have a significant impact on short-term market movements.