#GateioInto11#


Thank you for using Gate.io!
View Original
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.
  • Reward
  • 2
  • Share
Comment
0/400
ILost650,000Yuan,Whevip
· 2024-05-30 06:29
Bitcoin encountered resistance and fell back after a long wick candle around 68500. It is obvious that there is significant pressure from above. Looking at the technical indicators on the four-hour chart, the recent candlestick shows that the price has experienced a decline and is currently experiencing a slight rebound. However, the rebound strength is limited, and there is a risk of another pullback. The current price is close to the middle band of the Bollinger Bands, indicating that the price may hover around or test the lower band. The MACD histogram in the attached chart is red and arranged in a bearish manner, indicating significant bearish momentum. The KDJ indicator shows that the market is weakening and may continue to decline.

Trading suggestion: Short when the price rebounds to around 68500 at the middle band. The first target is around 67700, and the second target is near 67000 (recent low point). Close the position and take profits.

The above is my personal opinion and is for reference only!
View OriginalReply1
Reelvip
· 2024-05-30 06:08
👏👏👏
Reply1
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)