Btc has shown a sign of stabilization at a small degree, suspected to be forming a W bottom, and the support in the 8.5-8.6k range is still quite strong. It has been touched several times without breaking below. Therefore, you can enter a long position at the current price of 8.68-8.6k to catch a rebound. The first target for the rebound is 8.8k, and the second target is 9k. However, the overall trend is still downward. The plan is to ride the rebound and then switch to a short position afterward.

BTC0.97%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)