BTC was unable to break out of the $60,000 level and fell back. It has broken below all MAs and is strengthening the momentum of the decline.
If the decline continues as it is
$54,000, which is also the lower limit line of triangular cross-holding, it is considered to be the target line.
If it breaks this line, you can see it goes to $52,000. Since the volume is large and most of the long positions are considered to have been settled.
I personally think that it will not fall to that level.
Whether it can maintain the $56,000 line, the entry of new longs will increase, and the rise will remain strong. There is a possibility of passing $60,000.
Pay attention to the outcome of the latest offense and defense.
If the decline continues as it is
$54,000, which is also the lower limit line of triangular cross-holding, it is considered to be the target line.
If it breaks this line, you can see it goes to $52,000. Since the volume is large and most of the long positions are considered to have been settled.
I personally think that it will not fall to that level.
Whether it can maintain the $56,000 line, the entry of new longs will increase, and the rise will remain strong. There is a possibility of passing $60,000.
Pay attention to the outcome of the latest offense and defense.
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