BTC has broken the previous low support, all long positions are temporarily canceled, and will be reinitiated after observing stabilization. There are two contradictory points here. If the daily trend line in the chart is near or crosses the lower rail, it will generally be accompanied by a strong rebound later. However, if it falls below the support at 56700, the lowest point below can be seen around 53000. Further observation is needed.
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ZhiyingLiveRoom24Hou
· 2024-07-05 03:34
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BTC has broken the previous low support, all long positions are temporarily canceled, and will be reinitiated after observing stabilization. There are two contradictory points here. If the daily trend line in the chart is near or crosses the lower rail, it will generally be accompanied by a strong rebound later. However, if it falls below the support at 56700, the lowest point below can be seen around 53000. Further observation is needed.