7.8 Bitcoin



Don’t be fooled by the daily rebound! After this pullback, the engulfing pattern that follows looks like a reversal—but in reality, it’s only a technical retest/filled gap after the drop. The longs are just short-term funds bouncing around, and they don’t have the strength to keep pushing upward. To put it simply, it’s a one-breath move—and we’re not even close to a true bottom yet.

Go short near 63500-64000, target 62800, 61500!
$LAB $BTC #Strategy上周减持3588枚BTC
LAB-75.76%
BTC-0.61%
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
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
GateUser-2100b43b
· 12m ago
Bearish thinking is fine, but chasing shorts at this level requires caution about potential wicks.
View OriginalReply0
  • Pinned