Last month, Bitcoin dipped below the 75,500 level, and over the weekend, the rebound was weak, repeatedly testing this level. The bearish pattern has become clear. The MACD green bars continue to expand, and the RSI is weakening simultaneously. The bearish momentum is not exhausted, and the trend remains highly persistent. The short- and medium-term trend is dominated by bears, and the overall bearish tone remains unchanged.
Core view: Before the key resistance is effectively broken, any rebound is a correction by the bears rather than a reversal, making it an excellent opportunity to follow the trend and short. Trading suggestions: Bitcoin rebounds around 77,800-78,500 to short, with a target of 75,800-74,300 Altcoin rebounds around 2,310-2,350 to short, with a target of 2,210-2,150
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Last month, Bitcoin dipped below the 75,500 level, and over the weekend, the rebound was weak, repeatedly testing this level. The bearish pattern has become clear. The MACD green bars continue to expand, and the RSI is weakening simultaneously. The bearish momentum is not exhausted, and the trend remains highly persistent. The short- and medium-term trend is dominated by bears, and the overall bearish tone remains unchanged.
Core view: Before the key resistance is effectively broken, any rebound is a correction by the bears rather than a reversal, making it an excellent opportunity to follow the trend and short.
Trading suggestions:
Bitcoin rebounds around 77,800-78,500 to short, with a target of 75,800-74,300
Altcoin rebounds around 2,310-2,350 to short, with a target of 2,210-2,150