Coinbase plunged intraday, breaking through multiple support levels as bears close in on the critical $140 mark!
【Market Catalysts】: Bitcoin lost key support and slid toward a low of $73,000. The entire crypto sector faced liquidity outflows and deleveraging-driven selling, dragging down Coinbase, a key market bellwether.
【Order Book & Technicals】: Current price: $141.44, down 12.50% over 24 hours, with an intraday range of 6.50%. Trading volume surged past $128 million (over 690,000 matched trades). The price is testing the intraday low of $138.93, with bulls and bears locked in a fierce battle around the $140 level.
【Key Levels to Watch】:
• Accumulation zone for limit orders: $139.00–$141.20
• Hard stop-loss: $136.50 (exit decisively if the price breaks below this level)
• Profit targets: First resistance at $148.50; strong resistance at $156.00
Is the $140 level a golden opportunity for an oversold rebound—or an abyss as bears accelerate the breakdown?
#TradFi #美股 #BinanceSquare
【Market Catalysts】: Bitcoin lost key support and slid toward a low of $73,000. The entire crypto sector faced liquidity outflows and deleveraging-driven selling, dragging down Coinbase, a key market bellwether.
【Order Book & Technicals】: Current price: $141.44, down 12.50% over 24 hours, with an intraday range of 6.50%. Trading volume surged past $128 million (over 690,000 matched trades). The price is testing the intraday low of $138.93, with bulls and bears locked in a fierce battle around the $140 level.
【Key Levels to Watch】:
• Accumulation zone for limit orders: $139.00–$141.20
• Hard stop-loss: $136.50 (exit decisively if the price breaks below this level)
• Profit targets: First resistance at $148.50; strong resistance at $156.00
Is the $140 level a golden opportunity for an oversold rebound—or an abyss as bears accelerate the breakdown?
#TradFi #美股 #BinanceSquare