Will BTC immediately drop below 80,000 and head straight to 70,000? Let's look at the amount data first, and be rational and objective: 3) The order book has accumulated a large amount of bid orders, while the sell orders are relatively small. A new wave of decline would require re-accumulating large sell order amounts; 2) On the weekly chart, the MACD is unlikely to form a golden cross at a low level, and the subsequent rebound is at the end of its strength; 1) On the daily chart, a rebound below 94,500 is an ideal entry point for mid-term shorting BTC. The consolidation period is 66 days. If there is a rebound, go for a bold short.
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.
Will BTC immediately drop below 80,000 and head straight to 70,000? Let's look at the amount data first, and be rational and objective: 3) The order book has accumulated a large amount of bid orders, while the sell orders are relatively small. A new wave of decline would require re-accumulating large sell order amounts; 2) On the weekly chart, the MACD is unlikely to form a golden cross at a low level, and the subsequent rebound is at the end of its strength; 1) On the daily chart, a rebound below 94,500 is an ideal entry point for mid-term shorting BTC. The consolidation period is 66 days. If there is a rebound, go for a bold short.