Affected by Middle East geopolitical conflicts and expectations of Federal Reserve rate hikes, Bitcoin surged rapidly from 65,000 last night, temporarily breaking through the 70,000 level, then consolidating around 69,000. During the rebound, trading volume significantly increased, indicating that bullish momentum has strengthened, but after breaking through 70,000, the volume could not be sustained, and there is pressure for a pullback. Support levels: 67,000-66,500 Resistance levels: 70,000-70,500 The current market is highly volatile, and the trend can reverse at any time. Strict position management and stop-loss are required. $BTC $ETH #比特币避险属性 #贵金原油价格飙升
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Analysis of Bitcoin on the morning of the 3rd
Affected by Middle East geopolitical conflicts and expectations of Federal Reserve rate hikes, Bitcoin surged rapidly from 65,000 last night, temporarily breaking through the 70,000 level, then consolidating around 69,000.
During the rebound, trading volume significantly increased, indicating that bullish momentum has strengthened, but after breaking through 70,000, the volume could not be sustained, and there is pressure for a pullback.
Support levels: 67,000-66,500
Resistance levels: 70,000-70,500
The current market is highly volatile, and the trend can reverse at any time. Strict position management and stop-loss are required. $BTC $ETH #比特币避险属性 #贵金原油价格飙升