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July 29/The contradiction between Bitcoin's 70,000 selling pressure and short squeeze. A sharp drop is an opportunity, don't chase highs.
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#比特币大会 #sol #bnb #eth
🔹Reviews of Cognitive Society
There is a big difference between the highest rebound price of Bitcoin on July 29, 69,900, and the pressure point of 69,000 mentioned in yesterday’s article.
Bitcoin continues to hit new highs, repeatedly using the 12-hour top divergence to force a short squeeze.
The sharp drop in Bitcoin's price near 70,000 indicates that the selling pressure of spot prices is indeed great. The reason for the rebound is that Bitcoin's contracts are repeatedly squeezed out.
The key support levels of Bitcoin are 66,000 and 63,000. If it holds 66,000, it will repeatedly hit 69,000. If it falls below 66,000, it will see around 63,000.
#比特币大会 #sol #bnb #eth
🔹Reviews of Cognitive Society
There is a big difference between the highest rebound price of Bitcoin on July 29, 69,900, and the pressure point of 69,000 mentioned in yesterday’s article.
Bitcoin continues to hit new highs, repeatedly using the 12-hour top divergence to force a short squeeze.
The sharp drop in Bitcoin's price near 70,000 indicates that the selling pressure of spot prices is indeed great. The reason for the rebound is that Bitcoin's contracts are repeatedly squeezed out.
The key support levels of Bitcoin are 66,000 and 63,000. If it holds 66,000, it will repeatedly hit 69,000. If it falls below 66,000, it will see around 63,000.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.