empty
 
 
cn
支持
即时开户
交易平台
入金/出金

06.09.202319:04 Forex Analysis & Reviews: Bitcoin: more declines ahead

Bitcoin is trading in the red at 25,567 at the time of writing. The downside pressure is high, so more declines are natural. In the short term, it looks undecided, that's why we have to wait for fresh trading opportunities. Technically, the price action signaled more declines, but we still need confirmation.

In the last 24 hours, Bitcoin is down by 0.78% and by 5.77% in the last 7 days. BTC/USD's further drop should drag the altcoins down as well.

BTC/USD Strong Bearish Bias!

Exchange Rates 06.09.2023 analysis

As you can see on the H4 chart, the rate failed to stay above the 26,813 broken resistance and now it has dropped below the median line (ML).

You knew from my previous analyses that stabilizing below the median line (ML) may announce more declines.

BTC/USD Outlook!

The price tested and retested the median line (ML) and now it seems determined to extend its sell-off. Dropping and closing below the former lows of 25,350 activates more declines. This scenario brings new short opportunities.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Ralph Shedler,
Analytical expert of InstaSpot
© 2007-2024
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaSpot分析评论将让您充分了解市场趋势! 作为InstaSpot的客户,您将获得大量的免费服务以实现有效的交易。

赚取InstaSpot的加密货币利率变化
下载MetaTrader 4并开始您的第一笔交易
现在无法通话?
提出您的问题,用 在线帮助.