BTC was unable to break out of the $60,000 level and fell back. It has broken below all MAs and is strengthening the momentum of the decline.
If the decline continues as it is
$54,000, which is also the lower limit line of triangular cross-holding, it is considered to be the target line.
If it breaks this line, you can see it goes to $52,000. Since the volume is large and most of the long positions are considered to have been settled.
I personally think that it will not fall to that level.
Whether it can maintain the $56,000 line, the entry of new longs will increase, and the rise will remain strong. There is a possibility of passing $60,000.
Pay attention to the outcome of the latest offense and defense.
If the decline continues as it is
$54,000, which is also the lower limit line of triangular cross-holding, it is considered to be the target line.
If it breaks this line, you can see it goes to $52,000. Since the volume is large and most of the long positions are considered to have been settled.
I personally think that it will not fall to that level.
Whether it can maintain the $56,000 line, the entry of new longs will increase, and the rise will remain strong. There is a possibility of passing $60,000.
Pay attention to the outcome of the latest offense and defense.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.