11.5 Market Analysis: Bitcoin Pullback Confirmed, Long Positions Have Room to Move

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丁君羡
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4 hours ago

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BTC: The price of Bitcoin reached a low of around 67,000 this morning, which is also the long position suggested yesterday. The price has started to show a daily level rebound, ending the previous six consecutive declines. In the short term, the price has broken through the previous downtrend channel, and there is still upward momentum this evening. However, it is crucial to pay attention to the resistance level at 70,000. If it cannot be effectively broken, it will be difficult for the price to gain much more space.

ETH: Overall, it is relatively weaker compared to Bitcoin, with a minor pressure zone around 2495-2510. Pay attention to the breakout situation at this level.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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