Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

#加密领域市场回调 BTC weekly Bollinger Bands show a breakdown, the key is how this weekend closes. There have been several similar Spring false breakouts before, with fall followed by pump bear trap actions.



If we can hold above 104k over the weekend, then this wave of crisis can be considered resolved, and we will continue to look at the bull market top range of 135k to 150k. However, if we lose the 100k level again, technically we are likely to enter a downward channel, and in extreme cases, we cannot rule out a pullback to around 80k. Assuming there are no unexpected issues with the industry's compliance process, even if we enter a bear market, the bottom within a year should not fall below 55k (referring to the lower Bollinger band support on the monthly chart).

This week's market is quite subtle, and the fluctuations are hard to grasp. It's advisable to observe more and operate less; it's still possible to follow up on the right side once the direction is clear. $BTC $ETH
BTC-1.67%
ETH-2.6%
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
  • 5
  • Repost
  • Share
Comment
0/400
LightningPacketLossvip
· 14h ago
Don't rush to cut your losses if you're feeling bearish.
View OriginalReply0
degenwhisperervip
· 14h ago
What's going on with the monthly Bollinger Bands?
View OriginalReply0
NotGonnaMakeItvip
· 14h ago
I'm done, let's call it quits.
View OriginalReply0
ChainPoetvip
· 15h ago
It's all about human nature.
View OriginalReply0
EternalMinervip
· 15h ago
What's going on with this market?
View OriginalReply0
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)