Bitcoin price broke down again last night. The price has touched the key point of the weekly level (the lower line of the rising channel), and directly penetrated the 7800-8500 range that lasted for nearly one month. At present, the 7500 has no obvious signs of stabilization. The shape of the shoulder is risky. The market is very anxious and the long-term ratio of positions in the market is rising. The emotion of the retail investors is high. Below 7200-7400 is Important observation points may become a watershed for the market.
Key Point Tips:
7750/7550, resistance level
7400/7200, support level
Key Point Tips:
7750/7550, resistance level
7400/7200, support level