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3.1 Bitcoin Analysis
Bitcoin surged to 68189 quickly pulled back, forming a short-term double top on the 1-hour chart. It has broken below the MA7 moving average (66607.5) and the moving average is turning downward, indicating exhausted upward momentum. The volume-price divergence is obvious, with the bearish candlestick body enlarging, and selling pressure continues to accumulate.
Currently, the price is temporarily holding at 66400. Strong support below is seen at the MA30 (65903.3) and the 65500 range. If these levels are broken, the price may decline to 64000-63500. Combined with Federal R
Bitcoin surged to 68189 quickly pulled back, forming a short-term double top on the 1-hour chart. It has broken below the MA7 moving average (66607.5) and the moving average is turning downward, indicating exhausted upward momentum. The volume-price divergence is obvious, with the bearish candlestick body enlarging, and selling pressure continues to accumulate.
Currently, the price is temporarily holding at 66400. Strong support below is seen at the MA30 (65903.3) and the 65500 range. If these levels are broken, the price may decline to 64000-63500. Combined with Federal R
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