Bitcoin's price experienced a big dump with a long wick candle, briefly testing the 11.05/4700 level. We indicated that the top of the price action was 4950, which instantly surged over 200 points, and the market has since warmed up.



At the moment of rise and fall, Bitcoin is still in a relatively weak position, but its posture remains strong under the support of the main force. Today, the key resistance for Bitcoin is in the 11.4-11.45 area, while the posture focuses on the resistance in the 4850-4880 area.

For the early week market, Bitcoin can maintain a strategy of high short and low long, with the posture continuing to favor far short and near long #BTC# .
BTC-0.27%
View Original
post-image
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
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)