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3.3 Bitcoin Afternoon Analysis
Bitcoin price has fallen back from the high of 70,100 and has now formed a clear bearish trend. The MA7 has crossed below the MA30, forming a death cross, confirming that the short-term trend is weakening. The price has consecutively closed lower, currently breaking below the 7-day moving average and approaching the 30-day moving average support level. The rebound highs are gradually decreasing, and the bullish momentum is significantly weakening, with the bearish force continuing to dominate the market. If the 30-day moving average support is effectively broken, the downside space will open further.
Trading suggestion: 68,300-68,800 range, target 66,300-66,800. $BTC