From a technical indicator perspective, Bitcoin's current price is approaching a key support zone: 1. Bollinger Band Lower Band (LB): The lower band of the Bollinger Bands is at 65,616.0, and the current price of 65,829.2 is very close to this level, only about 200 points above. 2. EMA30 Moving Average: The 30-day exponential moving average is at 68,592.5, and the current price has fallen below this moving average, which is a bearish signal. 3. Previous Low Point: A clear previous low is at 65,784.9, and the current price is hovering around this level. Overall, the current price is within a strong support zone formed by the Bollinger Band lower band and the previous low point (approximately 65,600–65,800 USDT). If this support level is effectively broken, it could trigger further decline; conversely, if the price stabilizes and rebounds here, it may confirm the support is holding. In short, go for one more! Stop loss at 65,000.
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From a technical indicator perspective, Bitcoin's current price is approaching a key support zone: 1. Bollinger Band Lower Band (LB): The lower band of the Bollinger Bands is at 65,616.0, and the current price of 65,829.2 is very close to this level, only about 200 points above. 2. EMA30 Moving Average: The 30-day exponential moving average is at 68,592.5, and the current price has fallen below this moving average, which is a bearish signal. 3. Previous Low Point: A clear previous low is at 65,784.9, and the current price is hovering around this level. Overall, the current price is within a strong support zone formed by the Bollinger Band lower band and the previous low point (approximately 65,600–65,800 USDT). If this support level is effectively broken, it could trigger further decline; conversely, if the price stabilizes and rebounds here, it may confirm the support is holding. In short, go for one more! Stop loss at 65,000.