Daily Chart After testing 85, it rebounded yesterday, but it appears that this rebound did not break through the Monday opening price of 88172. Moreover, we see that this was the result of being suppressed after a whole night of grinding. This becomes an awkward situation, indicating that the buyers pushing up from 85 are still being suppressed. A solid volume breakout above 88 is needed. If it breaks through and stabilizes above 88, the next target is to test the Monday high of 90. If it's just a quick spike and retreat, then the outlook remains bearish. #btc
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Bitcoin (BTC) Market Analysis (Daily Chart)
Daily Chart
After testing 85, it rebounded yesterday, but it appears that this rebound did not break through the Monday opening price of 88172.
Moreover, we see that this was the result of being suppressed after a whole night of grinding.
This becomes an awkward situation, indicating that the buyers pushing up from 85 are still being suppressed.
A solid volume breakout above 88 is needed.
If it breaks through and stabilizes above 88, the next target is to test the Monday high of 90.
If it's just a quick spike and retreat, then the outlook remains bearish.
#btc