Looking at the current market for Bitcoin, the 4-hour chart shows that it has been in a declining trend for several days. Although there has been some rebound, it has only recovered part of the recent decline. Currently, it faces resistance again and shows signs of moving lower. The trading suggestion is to focus on rebounds to higher levels.
Bitcoin: Range between 88,800-89,500, with a downside target around 87,000#金价突破5200美元 $BTC
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1.29 Midday Thoughts
Looking at the current market for Bitcoin, the 4-hour chart shows that it has been in a declining trend for several days. Although there has been some rebound, it has only recovered part of the recent decline. Currently, it faces resistance again and shows signs of moving lower. The trading suggestion is to focus on rebounds to higher levels.
Bitcoin: Range between 88,800-89,500, with a downside target around 87,000#金价突破5200美元 $BTC