Bitcoin sold off sharply on heavy volume last night, losing both 74,400, which we were watching yesterday, and the medium-term 73,500 level. The current price is around 73,400.
It briefly dipped to around 72,700, then bounced this morning, reaching only around 74,000 without reclaiming the former lower boundary.
For the short term, 74,400 is the first level to watch overhead—the line that was just lost.
Below, watch 72,700, last night's low.
For the medium term, 75,550 has become resistance to the upside.
To the downside, the medium-term floor is around 70,700, the low left behind in early June.
This move has already broken below the consolidation range of the past few days.
The short-term outlook will ease a little only if price reclaims 74,400; if 72,700 is lost again, attention will turn to the area around 70,700.
$BTC
#比特币 #MarketAnalysis
It briefly dipped to around 72,700, then bounced this morning, reaching only around 74,000 without reclaiming the former lower boundary.
For the short term, 74,400 is the first level to watch overhead—the line that was just lost.
Below, watch 72,700, last night's low.
For the medium term, 75,550 has become resistance to the upside.
To the downside, the medium-term floor is around 70,700, the low left behind in early June.
This move has already broken below the consolidation range of the past few days.
The short-term outlook will ease a little only if price reclaims 74,400; if 72,700 is lost again, attention will turn to the area around 70,700.
$BTC
#比特币 #MarketAnalysis
