4.3 Evening BTC Analysis


The daily chart shows the 5/10/20/50-day moving averages all trending downward, indicating a bearish alignment. The price continues to stay below all moving averages, with weak rebounds. The Federal Reserve's rate cut expectations are delayed, high interest rates are maintained longer, the US dollar remains relatively strong, and safe-haven funds are flowing into the dollar and gold. The escalation of Middle East geopolitical conflicts has led to risk asset sell-offs.
Trading suggestion: Buy in batches within the 67,500-68,500 range, with targets at 66,000 and 64,000.
BTC1,14%
View Original
post-image
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin