Thought Process Analysis:


Bitcoin surges higher then falls back and breaks below, expecting a short position on the rebound to 75,000
Although Bitcoin surged sharply after yesterday's buying, a sudden negative news shock in the early morning clearly weakened the bulls, causing the price to fall from high levels with increased volume, directly breaking through the short-term key moving averages, and the previous upward structure has been disrupted.
Technically, the MACD has already formed a death cross and continues to diverge downward, the KDJ quickly declines into oversold territory, but there are no signs of stabilization or a turn; the Bollinger Bands are opening downward, with the price running along the lower band, indicating a short-term bearish trend is basically established.
Currently, the market has entered a consolidation and testing phase, with no significant rebound momentum at the moment. If support is effectively broken, the downside space will further open.

Trading Suggestions:
Bitcoin: Pullback to 75,000-75,500, target 73,500
Altcoin: Pullback to 2,370-2,400, target 2,290
#加密市场回升 $BTC $ETH
BTC-0,18%
ETH-1,3%
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